This is a slim 15% of CEOs who still have a positive outlook on the South African economy’s outlook.
They are still very confident and confident about what their companies’ return will be in the coming financial year.
However, the growth rate that has almost reached zero point speaks to a different view, in which more than 80% of business leaders are deeply concerned about the state of affairs.
Growing pessimism, even among those who normally remain positive, is now noticeable, and many believe their well-built businesses are no longer as secure as they were a few years ago.
A company that gives advice to businesses and their CEOs says the number of organizations that still have confidence is diminishing each month, while companies are experiencing almost daily decline in turnover.
