The blame for the fact that South Africa’s business confidence has dropped to the lowest level that it has been in 45 years can only be laid at the door of the government.
South Africa’s downgrade as an investment destination to junk status and the enforcement of irrational lockdown regulations by the government have delivered a severe blow to the South African economy.
A poll conducted by the Bureau of Economic Research (BER) at the University of Stellenbosch among 1 800 managers in the construction, manufacturing and trade industries indicates that enterprises will experience more and more pressure with regard to their income and that a decreased demand for goods will result in an even lower turnover.
It will inevitably lead to a loss of jobs.
The various levels of lockdown have forced the economy and trade to come to a standstill and it seriously damaged consumer confidence.
The FF Plus demands that government must lift the irrational restrictions immediately and afford the economy an opportunity to recover.
Read the original article in Afrikaans by Jaco Mulder on FF Plus
South Africa Today – South Africa News