A Black Thursday!

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A Black Thursday!

15.12.2015 05:44

With consumer confidence hovering near 14 year lows and business confidence at a 5 year low, Wednesday evening’s surprise decision by President Jacob Zuma to replace Finance Minister Nhlanhla Nene by the relatively unknown Des van Rooyen finally pushed foreign investor confidence off a cliff as well. The reaction to the announcement has been disastrous and overall confidence was left...

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A toxic year-end cocktail!

15.12.2015 03:05

The South African economy narrowly avoided falling into a technical recession in the third quarter of this year, but growth was much weaker than expected and the outlook does not look set to improve any time soon. Weak growth conditions were echoed by the RMB/BER Business Confidence Index that dropped further from the previous quarter to its weakest level in...

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