Thuli Madonsela said while the new dawn had not yet translated to economic growth or a boost in confidence, rays of sunshine were already visible
Former public protector Thuli Madonsela says impunity is over for politicians implicated in wrongdoing and this should boost SA’s investment confidence.
On Thursday afternoon the quarterly index compiled by Rand Merchant Bank and Stellenbosh University’s Bureau for Economic Research showed that business confidence remained in the doldrums in the second quarter of this year, clocking 28 index points. This was unchanged from the mood in the first quarter, with seven out of 10 respondents remaining dissatisfied with current business conditions.
“The sense that some people are untouchable is disappearing,” said Madonsela, adding that state capture prosecutions were likely to happen as there were pockets within the ANC that want to adhere to the spirit of good governance. Uncertainty on land reform has partly been blamed by the Agricultural Business Chamber for a decline in agricultural production and was seen as a contributor to the 12,000 jobs lost in the sector during the first quarter of 2019.
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