Tag: RMB/BER Business Confidence Index
The RMB/BER Business Confidence Index has fallen to a record low of 5 points in the second quarter due to the unprecedented damage from Covid-19. This is lowest level in business confidence since the survey started in 1975. Joining CNBC Africa to breakdown the figures is Siobhan Redford, Economist at RMB.
The RMB/BER Business Confidence Index has hit a 21 year low with a decrease of eight points to 18 in the first quarter of 2020. The drop in the index could prevail in the course of the year due to the global economic slowdown hit by the Coronavirus. Joining CNBC Africa for more is Mpho Molopyane, Economist at RMB.
The RMB/BER Business Confidence Index for the second quarter has come in at a shocking low of 28. The last time that business confidence in South Africa was this low was two years ago and during the global financial crisis in 2009. RMB Economist, Mpho Tsebe 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.