Newsmaker
How the state is shooting business — and itself — in the foot
Economist Richard Downing says government policy too often has the effect of deterring all-important direct fixed investment
26 January 2025 - 07:07
Business confidence in South Africa may be at a nine-year high but a more significant indicator is gross fixed capital formation, which is dropping, says Chamber of Commerce & Industry economist Richard Downing.
“Gross fixed capital formation is absolutely essential for a productive economy,” says Downing, who compiles the chamber’s business confidence index. ..
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