Tag: Ettienne le Roux
The RMB Business Confidence Index rebounded to 24 points in the third quarter. This is after falling from an all-time low of five in the second quarter. Of the five sectors making up the Index, the rebound in wholesale confidence was the largest. And this was due to a strong agricultural sector and international trade picking up. Ettienne Le Roux, Chief Economist at Rand Merchant Bank joins CNBC Africa for more.
Confidence in South Africa’s economy is at worrying lows returning to figures seen during the deep recession of 2009. This was revealed by the latest RMB/BER Business Confidence Index. Ettienne Le Roux, Chief Economist at Rand Merchant Bank joins CNBC Africa for more.
The fourth quarter results for the RMB/BER Business Confidence Index has been released showing the lowest numbers in 2018. This after the previous two quarter index reflected almost average business confidence picking at just over 40 regarded as neutral. The latest index shows the Business Confidence to be standing at a low 31. Ettienne Le Roux, Chief Economist at RMB joins CNBC Africa for more.