Business confidence
Fedesarrollo's March business opinion survey showed the commercial confidence index at 22.8%, up 0.2 percentage points from February, thanks to reduced inventories. In contrast, the industrial confidence index fell 3.2 points into negative territory amid lower production expectations.
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South Africa's financial landscape is displaying green shoots with improving sentiment, yet private capital is holding back, awaiting sustained growth. Experts highlight progress in inflation control and credit ratings, but warn of complacency and global risks. The shift from survival to selective participation marks a cautious optimism as 2026 approaches.