SA’s business leaders generally downbeat about the future
Grant Thornton’s International Business Report shows that SA’s executives are delaying business expansion and putting off investments due to ‘turbulence’
Nearly two-thirds (65.8%) of South African business executives’ operations and business decisions have been affected by the nation’s "turbulent" economy and uncertainty about its future direction. This is according to the International Business Report (IBR) from Grant Thornton‚ which provides insights from around the world on a quarterly basis. The latest data reflects findings from business executive interviews held between September and December 2016. When executives were asked to outline the ways in which economic uncertainty had affected their business decisions‚ 58% stated they were delaying business expansion plans‚ while 47.5% were putting off investment decisions; 29.8% were considering investing offshore‚ possibly in a more stable business environment, while 23% were weighing up decisions to sell their business. "We’ve been tracking economic uncertainty and its impact on South African business executives for a long time‚" said Gillian Saunders‚ head of advisory services at ...
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