Grant Thornton’s IBR for the third quarter of 2017 makes for sombre reading
The International Business Report shows SA is ‘a nation experiencing total uncertainty with no sign of any stability on the horizon’ — and far too much crime
Economic instability seems to be the "new normal" in SA as 72% of business executives confirm that turbulence in the economy over the past six months has affected business operations and decisions. When asked in Grant Thornton’s International Business Report (IBR) for the third quarter of 2017 to explain how this turbulence had affected privately held businesses and listed companies‚ 68% of the SA’s business executives stated they were delaying business expansion plans‚ 61% were putting off investment decisions‚ 38% were considering investing offshore and 28% were contemplating selling their businesses. "Our IBR data for the third quarter to the end of September 2017 shows a nation experiencing total uncertainty with no sign of any stability on the horizon‚" says Gillian Saunders‚ head of advisory services at Grant Thornton SA. "The fact that businesses are delaying important investment decisions or expansion plans‚ coupled with a challenging economic environment‚ indicates they are...
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