Business confidence ticked up ahead of elections but more is needed to spur investment
- June 5, 2024
- Infrastructure
- 0 Comments
The Rand Merchant Bank (RMB) and Bureau for Economic Research (BER) Business Confidence Index (BCI) increased by five points to 35% in the second quarter of the year ahead of the national elections.
Just more than a third of 2 500 survey respondents were satisfied with prevailing business conditions between May 9 and May 27; however, uncertainty around the election was top of mind for many respondents.
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