Business confidence goes up – or at least it looks like up

By Daily Maverick Legacy 7 October 2009

Remember the book “been down so long it looks like up to me”? Probably not. Anyway, business confidence is apparently up nearly as high as it was at the end of the boom years. Huh? Even the SA Chamber of Commerce and Industry does not quite believe what its own survey, the Business Confidence Index, is telling it. As we note in a story on the issue, SACCI says about the latest findings: “Given the slow economic global recovery and low inflation and even deflation in the US, Japan, China and a number of other economies, it becomes apparent that markets may be too optimistic about the strength of the recovery of the global economy.”

Gallery

Support DAILY MAVERICK & get FREE UBER vouchers every month

An increasingly rare commodity, quality independent journalism costs money, though not nearly as much as its absence can cost global community. No country can live and prosper without truth - that's why it matters.

Every Daily Maverick article and every Scorpio exposé is proof of our dedication to this unshakeable mission. Investing in our news media is by far the most effective investment into South Africa's future.

You can support Independent and Investigative journalism by joining Maverick Insider. If you contribute R150 or more per month you will receive R100 back in UBER vouchers. EVERY MONTH until October 2019.

So, if you'd like to help and do something meaningful for yourself and your country, then sign up to become a Maverick Insider. Together we can Defend Truth.


Days of Zondo

Agrizzi: Inside Bosasa’s corruption production line

By Ferial Haffajee

Donald Trump is the first American president not to own a dog since William McKinley in 1901.