SA sees “drastic decline” in fixed investment activity in 2023

Nedbank’s Capital Expenditure Project Listing shows a dramatic decline in fixed investment activity in 2023 as persistent power outages, rising interest rates and cost pressures weighed on profitability and eroded business confidence. This resulted in the total value of new projects announced during the year falling to R184.8 billion from R259.9 billion in 2022. Joining CNBC Africa to discuss this further is Crystal Huntely, Economist, Nedbank.
Tue, 13 Feb 2024 15:52:45 GMT