The university's business school released its policy uncertainty index for 2023 on Wednesday, citing the country's persistent power cuts and low economic growth as domestic issues hampering economic growth.
JOHANNESBURG - The North West University Business School said South Africa’s policy uncertainty remains elevated amid a range of domestic issues.
The ongoing Russian invasion of Ukraine, as well as the recent banking crisis in the United States are also among the global geopolitical factors that have eclipsed efforts by the South African government to improve the economy.NWU Business School Policy Uncertainty Index 1Q 2023 rises 2 record of 71.7 from 53.
Before the latest reading of 71.7, the highest that the policy uncertainty index has ever been since its inception in 2016 was 60.9.Policy uncertainty has continued into the negative territory, despite a well-received budget framework by Finance Minister Enoch Godongwana in February, where Treasury committed to urgently tackling the energy crisis.
The index gives South African policymakers an indication of how to better manage the effects of policy uncertainty on the economy.
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