S. Africa Urged to Lift Growth as Business Confidence Rises
- Index rose to 109.1 in July, from 107.8 in May: Sacci
- Change in political environment boosts business climate
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South Africa’s new multi-party government has an opportunity to boost economic growth and investment, the country’s Chamber of Commerce said, as it announced a slight recovery in business confidence over the last two months.
A measure of sentiment compiled by the South African Chamber of Commerce and Industry rose to 109.1 in July from 107.8 in May. The gauge, which is published every other month, averaged 111.2 during the first half of 2024, higher than the 109.8 recorded over the same period last year.