GRANT THORNTON’S BUSINESS REPORT REVEALS PESSIMISSTIC OUTLOOK FOR ECONOMY
South Africa’s political turbulence has knocked business executives into a pessimistic outlook for the nation’s economy over the next 12 months. This is according to Grant Thornton’s International Business Report for Q2 of 2017. The report goes on to say that SAs business executive’s views are 28% pessimistic in terms of their perceptions of their outlook for the country’s economy in the year ahead. It also indicates that 67% of SA business executive’s operations and business decisions were impacted by a turbulent SA economy and uncertainty about the country’s future direction in the last 6 months. More highlights from the report are:
- 66% of SA businesses state economic uncertainty is a constraint to business
- 50% of SA businesses state exchange rate fluctuation is a constraint to business
- 64% of SA businesses state poor government service delivery is a constraint to business
Click here to view the full report.