• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

South Africa Business Mood Nears Two-Year High as Economy Turns

1 year ago
in Business, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
64
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

South Africa Business Mood Nears Two-Year High as Economy Turns

South African business sentiment rose to an almost two-year high, underpinned by the return of sustained power supply, optimism about the economy and political certainty after May 29 elections.

A quarterly business confidence index compiled by FirstRand Ltd.’s Rand Merchant Bank and Stellenbosch University’s Bureau for Economic Research rose to 38 in the three months through September, from 35 in the prior quarter, according to a report published on Wednesday.

The continued improvement was driven by retailers and new vehicle dealers who are anticipating a boost from interest-rate cuts expected to begin later this month.

The reading is the highest since the last quarter of 2022 and the first survey conducted after South Africa held elections that cost the African National Congress its outright parliamentary majority. Its electoral loss led to the formation of a business-friendly coalition government including the Democratic Alliance, and eight other smaller parties.

The release adds to other positive data suggesting a turnaround in the economy. On Tuesday, data from the statistics agency showed South Africa’s economy expanded 0.4% in the second quarter, compared with no growth in the prior three months.

The improvement in economic performance coincided with a reprieve from rolling electricity outages, known locally as load shedding, which haven’t been instituted by state utility Eskom Holdings SOC Ltd. since the end of March.

RelatedPosts

Finance Minister Strikes Upbeat Tone About Economy as IMF Begins Fifth Programme Review

Everything You Need to Know About CAF’s Ordinary General Assembly – Kinshasa 2025

Sinner Storms into Beijing Final as Gauff Battles Past Bencic

However, “there was not enough demand to fuel a faster uptick in sentiment,” the report noted, citing continued pressure on consumers and sluggish export demand reported by manufacturers.

“Fortunately, the widely anticipated interest rate cut in South Africa later this month, on the back of lower consumer inflation and a boost from the introduction of the two-pot retirement system should spur domestic demand through the remainder of the year,” said Isaah Mhlanga, chief economist at RMB. “This should benefit sentiment, but logistical constraints remain top of mind and will need to be urgently tackled to support a sustained lift in business confidence.”

Source: bloomberg
Via: norvanreports
Tags: economic performanceRandRMBSouth Africa Business MoodSouth Africa Business Mood Nears Two-Year High as Economy Turns

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Alcaraz Triumphs Over Fritz in Tokyo, Secures Eighth Title of the Season

Africa’s Borrowing Costs are too High: The G20’s Missed Opportunity to Reform Rating Agencies

One in Two Nigerians Live in Poverty: Why Relief Programmes Have Failed

Developing Countries Accuse Rich of Broken Climate Promises at UN

Ghana Urged to Embrace Non-Interest Finance to Drive Inclusive Growth

Finance Minister Welcomes IMF Team for Fifth Review of Ghana’s Programme 

Trending

Business

Finance Minister Strikes Upbeat Tone About Economy as IMF Begins Fifth Programme Review

September 30, 2025

Finance Minister Strikes Upbeat Tone About Economy as IMF Begins Fifth Programme Review Ghana’s finance minister, Cassiel...

Everything You Need to Know About CAF’s Ordinary General Assembly – Kinshasa 2025

September 30, 2025

Sinner Storms into Beijing Final as Gauff Battles Past Bencic

September 30, 2025

Alcaraz Triumphs Over Fritz in Tokyo, Secures Eighth Title of the Season

September 30, 2025

Africa’s Borrowing Costs are too High: The G20’s Missed Opportunity to Reform Rating Agencies

September 30, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.