South African Business Confidence Surges on Tourism Boom, But Real Economic Activity Remains Weak
Business sentiment jumps to 132.3, but tangible economic growth still lags.
South Africa
ZA's business confidence index has surged to 132.3 in November, marking a significant jump from October's 123.8, according to data released by the South African Chamber of Commerce and Industry. However, the organization behind the measure has issued a stark warning: don't read too much into the headline number.
ZA's business confidence index has surged to 132.3 in November, marking a significant jump from October's 123.8, according to data released by the South African Chamber of Commerce and Industry. However, the organization behind the measure has issued a stark warning: don't read too much into the headline number.
