20°C / 22°C
  • Fri
  • 23°C
  • 13°C
  • Sat
  • 24°C
  • 14°C
  • Sun
  • 26°C
  • 15°C
  • Mon
  • 27°C
  • 13°C
  • Tue
  • 21°C
  • 12°C
  • Wed
  • 24°C
  • 13°C
  • Fri
  • 25°C
  • 16°C
  • Sat
  • 21°C
  • 14°C
  • Sun
  • 19°C
  • 13°C
  • Mon
  • 24°C
  • 14°C
  • Tue
  • 22°C
  • 13°C
  • Wed
  • 20°C
  • 15°C
  • Fri
  • 24°C
  • 15°C
  • Sat
  • 26°C
  • 14°C
  • Sun
  • 28°C
  • 15°C
  • Mon
  • 28°C
  • 14°C
  • Tue
  • 22°C
  • 14°C
  • Wed
  • 26°C
  • 16°C
  • Fri
  • 27°C
  • 14°C
  • Sat
  • 27°C
  • 15°C
  • Sun
  • 29°C
  • 15°C
  • Mon
  • 30°C
  • 12°C
  • Tue
  • 25°C
  • 13°C
  • Wed
  • 26°C
  • 14°C
  • Fri
  • 24°C
  • 19°C
  • Sat
  • 26°C
  • 19°C
  • Sun
  • 24°C
  • 18°C
  • Mon
  • 22°C
  • 17°C
  • Tue
  • 25°C
  • 18°C
  • Wed
  • 26°C
  • 20°C
  • Fri
  • 24°C
  • 16°C
  • Sat
  • 23°C
  • 16°C
  • Sun
  • 18°C
  • 14°C
  • Mon
  • 19°C
  • 13°C
  • Tue
  • 25°C
  • 14°C
  • Wed
  • 21°C
  • 16°C
  • Fri
  • 30°C
  • 17°C
  • Sat
  • 23°C
  • 11°C
  • Sun
  • 18°C
  • 9°C
  • Mon
  • 29°C
  • 8°C
  • Tue
  • 28°C
  • 15°C
  • Wed
  • 19°C
  • 14°C
  • Fri
  • 25°C
  • 17°C
  • Sat
  • 21°C
  • 12°C
  • Sun
  • 16°C
  • 12°C
  • Mon
  • 24°C
  • 12°C
  • Tue
  • 23°C
  • 16°C
  • Wed
  • 19°C
  • 14°C
  • Fri
  • 26°C
  • 15°C
  • Sat
  • 27°C
  • 16°C
  • Sun
  • 28°C
  • 17°C
  • Mon
  • 29°C
  • 17°C
  • Tue
  • 24°C
  • 16°C
  • Wed
  • 27°C
  • 15°C
  • Fri
  • 29°C
  • 14°C
  • Sat
  • 31°C
  • 16°C
  • Sun
  • 27°C
  • 12°C
  • Mon
  • 29°C
  • 9°C
  • Tue
  • 32°C
  • 14°C
  • Wed
  • 29°C
  • 17°C
  • Fri
  • 23°C
  • 15°C
  • Sat
  • 25°C
  • 16°C
  • Sun
  • 32°C
  • 14°C
  • Mon
  • 19°C
  • 14°C
  • Tue
  • 24°C
  • 14°C
  • Wed
  • 29°C
  • 13°C
  • Fri
  • 26°C
  • 15°C
  • Sat
  • 25°C
  • 14°C
  • Sun
  • 18°C
  • 12°C
  • Mon
  • 20°C
  • 11°C
  • Tue
  • 28°C
  • 13°C
  • Wed
  • 21°C
  • 14°C

Business confidence the missing link to ease SA’s economic woes - economists

On Tuesday, Statistics SA announced GDP in the third quarter shrank by 0.6%.

Picture: Pexels

CAPE TOWN - Economists believe business confidence was the missing link needed to ease the country's economic woes.

On Tuesday, Statistics SA announced GDP in the third quarter shrank by 0.6%. Mining, manufacturing and transport sectors were the biggest drags on growth.

Economist at FNB Matlhodi Matsei told **Eyewitness News **on Tuesday the grim economic outlook was set to remain if confidence levels do not strengthen.

“We expect that because of the law business confidence, we should be seeing the weakness coming back in terms of numbers on the private sector front, more especially. I think with government SOEs, it’s unsurprising that those numbers are weak.”

Standard Bank's chief economist Goolam Ballim said government reform would play a formative role in bolstering confidence.

“Business content hinges on government reform agenda and that reform agenda will envelope political stability in the increasing sense that as President Ramaphosa remains in government and that the reforms that he has alluded to will be increasingly tractable.”

Comments

EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the EWN community a safe and welcoming space for all.

EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

comments powered by Disqus