South African Business Outlook Rose on Expectations of a Coalition Government
- Business Confidence Index rose to 35 in second quarter from 30
- Many businesses taking a ‘wait-and-see’ approach prior to vote
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South African companies’ confidence in the economy improved before last week’s election on expectations that results would produce a coalition government.
The Business Confidence Index rose to 35 in the second quarter from 30 in the prior three-month period, according to a report compiled by Rand Merchant Bank and Stellenbosch University’s Bureau for Economic Research.