1887

n AfricaGrowth Agenda - South African SMMEs business confidence on a cautious increase

Volume 2010, Issue 1
  • ISSN : 1811-5187

Abstract

Business Confidence among owners and managers of South African SMMEs is steadily increasing in line with the recently released economic growth data by Statistics South Africa. The optimism in business confidence is also in line with what appears to be the end of global recession resulting in major emerging and developed countries reporting positive economic growth figures. SMMEs surveyed by the Africagrowth Institute, for the fourth quarter business confidence survey, revealed that business owners and managers are cautiously optimistic about their future growth prospects. The upward trend in business confidence in the SMME sector began from the second quarter of 2009 and continued up to the fourth quarter. It is still early days but SMMEs are beginning to see some light at the end of the tunnel. The government and Reserve Bank will, essentially, have to work together to ensure that a conducive business environment for SMMEs is properly established and sustained. - say Professor Biekpe, President of Africagrowth Institute.

Loading full text...

Full text loading...

Loading

Article metrics loading...

/content/afgrow/01/1/EJC17209
2010-01-01
2020-09-22

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error