S.Africa Economic Confidence to Boost After Cabinet Reshuffle


Enterprise Television- S.Africa Economic Confidence to Boost After Cabinet Reshuffle

Confidence in South Africa’s economy will get a boost after Monday’s cabinet reshuffle by President Cyril Ramaphosa returned trusted hands to crucial budget-related ministries, a Reuters poll showed on Thursday.

Seventeen of the 20 economists surveyed in the past three days said Monday’s reshuffle would have a significant positive impact on South Africa’s economic confidence this year.

One economist said it would be very significant, while the remaining two said it would have an insignificant impact.

In that same sample, 18 indicated they were optimistic the country’s business sector would play a bigger part in job creation in the next two years. One economist was very optimistic while the remaining one was pessimistic.

South Africa’s business confidence rose for a third month in a row in January to its highest since late 2015, on expectations the new leadership of the ruling party would stabilise economic policy, a survey showed last month.