Economic Update: Expropriation committee, weak offshore growth weigh down business sentiment – Sakeliga report
19 November 2018
A host of indicators signalled ongoing weakness in business conditions in South Africa up to November 2018, a result of mounting regulatory uncertainty around property rights, high taxes, an investment slump, and weaker growth in Europe and China.
This is according to the November 2018 edition of the ETM-Sakeliga Quarterly Economic Update, which highlights relevant macroeconomic and policy trends that affect the operating conditions of South African businesses.
Gerhard van Onselen, senior analyst at Sakeliga, describes trading conditions up to November as challenging, noting that, “The recovery which started in September 2017 has dwindled in 2018. A range of indictors show employment conditions are probably at their weakest levels since the 2009 recession.”