SA business confidence hits lowest ebb in over 20 years

The SA Chamber of Commerce and Industry index has dropped to 89.1 in August from 92.0 the previous month and was the lowest it has been so far in 2019.

This is the lowest level since April 1985, the year the United Nations Security Council called on members to introduce more far-reaching economic measures against South Africa.

Bongani Bingwa speaks to Centre of Economic Development & Transformation Founding Director Duma Gqubule.

Our economy is in a desperate situation. In this situation, we can't use conversational economic policy tools only.

Duma Gqubule, Founding Director - Centre of Economic Development & Transformation

Gqubule has the following suggestions:

We have to press the reset button. We have to look at our whole national balance sheet and see how we can restructure this balance sheet to release some kind of stimulus into this economy.

Duma Gqubule, Founding Director - Centre of Economic Development & Transformation

There is nothing else except for some kind monetary and fiscal stimulus that we can put into this.

Duma Gqubule, Founding Director - Centre of Economic Development & Transformation

Listen to the full interview below...


Recommended

by NEWSROOM AI
Read More
[WATCH] April Fools joke frightening rubbish collectors goes viral

[WATCH] April Fools joke frightening rubbish collectors goes viral

Khabazela shares some of the videos that went viral on Twitter and Facebook.

[WATCH] Hello from the inside, dad singing an Adele parody goes viral

[WATCH] Hello from the inside, dad singing an Adele parody goes viral

Khabazela shares some of the videos that went viral on Twitter and Facebook.

'Public should only test for COVID-19 with approved labs and not self test'

'Public should only test for COVID-19 with approved labs and not self test'

WHO Solidarity Trial South African arm's professor Helen Rees gives an assessment on how the country is dealing with the virus.

Business confidence gets a slight boost ahead of elections

Business confidence gets a slight boost ahead of elections

Sacci report shows improvement by 1.9 index points to 93.7 compared to 91.8 in March.

Business confidence in SA at lowest point in 32 years - SACCI

Business confidence in SA at lowest point in 32 years - SACCI

The Money Show’s Bruce Whitfield interviews SACCI CEO Alan Mukoki and Stanlib Chief Economist Kevin Lings.

SA under downgrade threat due to 'political volatility' - Reserve Bank Governor

SA under downgrade threat due to 'political volatility' - Reserve Bank Governor

Central banker Lesetja Kganyago addresses the South African Chamber of Commerce and Industry Conference in Kempton Park.

Popular articles
SAA to provide repatriation charter flights to various countries

SAA to provide repatriation charter flights to various countries

SAA spokesperson Tlali Tlali says if people don't have a return ticket they must contact their respective embassies.

Mangaung municipality wants remains of COVID-19 victims declared biohazards

Mangaung municipality wants remains of COVID-19 victims declared biohazards

The metro's communication general manager, Qondile Khedama, says families will be advised on how to handle the bodies.

Lockdown and our mental health: One week in – what have we learned?

Lockdown and our mental health: One week in – what have we learned?

Cindy Poluta's expert panel recount their experiences and share advice on how to navigate mental wellbeing at this time..

Tips on how to assist domestic abuse victims during COVID-19 pandemic

Tips on how to assist domestic abuse victims during COVID-19 pandemic

BBC gender and identity correspondent Megha Mohan highlights different measures aimed at helping those in need during this time.

[LISTEN] ATM pharmacies dispense chronic meds for chronic patients

[LISTEN] ATM pharmacies dispense chronic meds for chronic patients

The ATM's are available in parts of Johannesburg and the Mangaung district.

Law enforcement must be hard on taxis and make sure they comply - Mbalula

Law enforcement must be hard on taxis and make sure they comply - Mbalula

Minister of Transport Fikile Mbalula explains why he changed the regulations to 70% loading capacity for minibuses.

[WATCH] April Fools joke frightening rubbish collectors goes viral

[WATCH] April Fools joke frightening rubbish collectors goes viral

Khabazela shares some of the videos that went viral on Twitter and Facebook.

[WATCH] Hello from the inside, dad singing an Adele parody goes viral

[WATCH] Hello from the inside, dad singing an Adele parody goes viral

Khabazela shares some of the videos that went viral on Twitter and Facebook.

'Public should only test for COVID-19 with approved labs and not self test'

'Public should only test for COVID-19 with approved labs and not self test'

WHO Solidarity Trial South African arm's professor Helen Rees gives an assessment on how the country is dealing with the virus.

Beitbridge Border Post repairs almost complete - Minister Patricia de Lille

Beitbridge Border Post repairs almost complete - Minister Patricia de Lille

Department of Public Works and Infrastructure minister says the contractor has fixed 80% of the fence.