They’re feeling confident because the political environment has changed… they’re giving politicians the benefit of the doubt… if they don’t deliver, confidence will peter out…— Kevin Lings, Stanlib Asset Management
The mood of South African execs is lifting.
The RMB-Bureau for Economic Research (BER) business confidence index (BCI), released on Wednesday, improved by 11 points to 45 between the fourth quarter of 2017 and the first quarter of 2018.
Such a large increase seldom happens, according to RMB.
RMB surveyed 1700 executives across multiple sectors.
Traders of new cars showed the largest increase in confidence (20 points).
The Money Show’s Bruce Whitfield interviewed Kevin Lings, Chief Economist at Stanlib Asset Management.
Listen to the interview in the audio below.
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