South Africa Business Confidence Rises to Highest Since Nene Fired
- Index increases to 99.7 in January from 96.4 in December
- Expectation that new leadership will be pragmatic: chamber
Change of Power Nears in South Africa
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South African business confidence rose to the highest level since before Nhlanhla Nene was fired as finance minister in 2015, the first of many events that hurt prospects and impacted markets in the continent’s most-industrialized economy.
The index measuring business sentiment advanced to 99.7 in January from 96.4 in December, the South African Chamber of Commerce and Industry said in an emailed statement Tuesday. That’s the highest level since October 2015.