TechCentralTechCentral
    Facebook Twitter YouTube LinkedIn
    Facebook Twitter LinkedIn YouTube
    TechCentral TechCentral
    NEWSLETTER
    • News

      Unlawful Eskom strike costing South Africa three stages of load shedding

      1 July 2022

      Google.co.za is down and the domain is pending deletion

      1 July 2022

      US files charges over South African bitcoin fraud scheme

      1 July 2022

      Hein Engelbrecht to lead Mustek as its new CEO

      1 July 2022

      Alviva shares leap higher on R3-billion take-private offer

      30 June 2022
    • World

      Meta girds for ‘fierce’ headwinds

      1 July 2022

      Graphics card prices plummet as crypto demand dries up

      30 June 2022

      Bitcoin just had its worst quarter in a decade

      30 June 2022

      Samsung beats TSMC to 3nm chip production

      30 June 2022

      Napster plots crypto comeback

      29 June 2022
    • In-depth

      The NFT party is over

      30 June 2022

      The great crypto crash: the fallout, and what happens next

      22 June 2022

      Goodbye, Internet Explorer – you really won’t be missed

      19 June 2022

      Oracle’s database dominance threatened by rise of cloud-first rivals

      13 June 2022

      Everything Apple announced at WWDC – in less than 500 words

      7 June 2022
    • Podcasts

      How your organisation can triage its information security risk

      22 June 2022

      Everything PC S01E06 – ‘Apple Silicon’

      15 June 2022

      The youth might just save us

      15 June 2022

      Everything PC S01E05 – ‘Nvidia: The Green Goblin’

      8 June 2022

      Everything PC S01E04 – ‘The story of Intel – part 2’

      1 June 2022
    • Opinion

      Has South Africa’s advertising industry lost its way?

      21 June 2022

      Rob Lith: What Icasa’s spectrum auction means for SA companies

      13 June 2022

      A proposed solution to crypto’s stablecoin problem

      19 May 2022

      From spectrum to roads, why fixing SA’s problems is an uphill battle

      19 April 2022

      How AI is being deployed in the fight against cybercriminals

      8 April 2022
    • Company Hubs
      • 1-grid
      • Altron Document Solutions
      • Amplitude
      • Atvance Intellect
      • Axiz
      • BOATech
      • CallMiner
      • Digital Generation
      • E4
      • ESET
      • Euphoria Telecom
      • IBM
      • Kyocera Document Solutions
      • Microsoft
      • Nutanix
      • One Trust
      • Pinnacle
      • Skybox Security
      • SkyWire
      • Tarsus on Demand
      • Videri Digital
      • Zendesk
    • Sections
      • Banking
      • Broadcasting and Media
      • Cloud computing
      • Consumer electronics
      • Cryptocurrencies
      • Education and skills
      • Energy
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Motoring and transport
      • Public sector
      • Science
      • Social media
      • Talent and leadership
      • Telecoms
    • Advertise
    TechCentralTechCentral
    Home»Sections»Investment»Business confidence slips as pandemic woes linger

    Business confidence slips as pandemic woes linger

    Investment By Agency Staff10 March 2021
    Facebook Twitter LinkedIn WhatsApp Telegram Email

    Business confidence has slipped in the first quarter of this year, despite easing Covid-19 curbs, a survey showed on Wednesday, highlighting the fragility of the economic recovery.

    The Rand Merchant Bank (RMB) business confidence index, compiled by the Bureau for Economic Research, fell to 35 points in the first quarter from 40 points in the last quarter of 2020.

    The survey, which covered about 1 300 business people, added that confidence fell across sectors, with retail showing the biggest decline partly due to weaker-than-expected Black Friday and festive sales.

    Last week, South Africa signed an agreement with Johnson & Johnson to secure 11 million Covid-19 vaccine doses

    The next big decline was in manufacturing, which witnessed worker absenteeism, hold-ups at harbours and specific shortages of raw materials, followed by new vehicle dealers.

    Last week, South Africa signed an agreement with Johnson & Johnson to secure 11 million Covid-19 vaccine doses, while easing lockdown restrictions as new cases declined.

    The second phase of the country’s vaccination programme, which includes the elderly, essential workers and those with co-morbidities, is set to start around late April or early May.

    “Such underlying dynamics are not reflective of a robust economic upswing. On the contrary, it talks to one that is rooted in a fragile foundation,” RMB chief economist Ettienne le Roux said.

    The economy was in recession even before the pandemic struck, with strict lockdowns compounding its woes.  — Reported by Indranil Sarkar and Yadarisa Shabong, (c) 2021 Reuters

    Ettienne le Roux Rand Merchant Bank RMB
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email
    Previous ArticleMTN adds 29 million customers but suspends full-year dividend
    Next Article Tesla surges 20%, its biggest daily rise in a year

    Related Posts

    Unlawful Eskom strike costing South Africa three stages of load shedding

    1 July 2022

    Google.co.za is down and the domain is pending deletion

    1 July 2022

    US files charges over South African bitcoin fraud scheme

    1 July 2022
    Add A Comment

    Comments are closed.

    Promoted

    Billetterie simplifies interactions between law firms and clients

    30 June 2022

    Think herding cats is tricky? Try herding a cloud

    29 June 2022

    How your business can help hybrid workers effectively

    28 June 2022
    Opinion

    Has South Africa’s advertising industry lost its way?

    21 June 2022

    Rob Lith: What Icasa’s spectrum auction means for SA companies

    13 June 2022

    A proposed solution to crypto’s stablecoin problem

    19 May 2022

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2022 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.