By Thapelo Molefe
South Africa has made significant economic progress since the Government of National Unity (GNU) took office over 100 days ago, according to President Cyril Ramaphosa.
In his weekly newsletter, he said the country has witnessed a marked increase in confidence in its direction, with various indicators pointing to improved economic growth prospects.
Ramaphosa said that according to recent opinion polls, including one conducted by Ipsos, the proportion of participants who believe the country is heading in the right direction, has doubled since the last surveys were conducted in April and June this year.
Ramaphosa said the Bureau of Economic Research and Rand Merchant Bank’s Business Confidence Index, released in September, pointed to cautious optimism on improving business conditions in key economic sectors.
He added that the progress in curbing load-shedding and political certainty following the May elections had likely contributed to this improved business confidence.
The president
You’ve reached your free article limit
Subscribe to enjoy unlimited access to trusted journalism. Cancel anytime.
Subscribe nowNeed help? molokom@insidepolitic.co.za
