Businesses still under immense pressure in South Africa

Loading player...
GUEST – Siobhan Redford - RMB's Economist

Although business confidence edged higher in the third quarter of 2023 thanks to reduced load shedding over the period – the country is back in the throes of stage 6 load shedding, while other businesses are concerned about risks of social unrest, as optimism remains very weak.

This is according to the latest RMB/BER Business Confidence Index (BCI), which ticked higher to 33 in Q3 2023 from 27 in the second quarter. Although higher, sentiment is still very weak, with the current level of the index suggesting that two-thirds of respondents are still dissatisfied with prevailing business conditions.

The third quarter survey was conducted by the BER between 16 August and 31 August 2023. The survey covered 1,050 senior executives in the building, manufacturing, retail, wholesale, and motor trade sectors. “The challenges posed by relatively high interest rates, the resultant strain on consumers, and social unrest meant that business activity remained constrained,” said the Bureau for Economic Research (BER).
6 Sep 2023 4PM English South Africa Business News · Investing

Other recent episodes

Rustenburg mayor raises alarm over rise in illegal mining

Rustenburg Executive Mayor Sheila Mabale-Huma has raised concerns over the growing threat of illegal mining in the North West town. Her warning follows the deaths of 14 illegal miners and injuries to scores of others at a disused mine in Nkaneng near Rustenburg. The incident has again highlighted the dangerous…
19 Aug 2PM 10 min

South Africans Under Pressure: Inside the Q2 2026 Debt Index

DebtBusters’ Benay Sager breaks down the latest Debt Index, revealing consumers still using 64% of their income to service debt, with high earners needing 103% just to stay afloat. We unpack the surge in unsecured credit, cost‑of‑living shocks, multi‑lender borrowing, and why debt counselling outcomes are improving despite rising financial…
19 Aug 1PM 8 min

DRDGOLD’s Big Year: Earnings Surge & Vision 2028 Takes Shape

DRDGOLD CEO Niël Pretorius unpacks a standout FY2026 performance, with revenue up 42%, operating profit up 83%, and major Vision 2028 infrastructure coming online. We explore production stability, the company’s debt‑free position, dividend uplift, and how new assets like the Daggafontein TSF and DP2 expansion reshape future output.
19 Aug 1PM 15 min

SA Consumer Price Inflation slows to 4.3% in July

Nedbank Economist Isaac Matshego breaks down South Africa’s July CPI print, which eased to 4.3% as fuel prices softened and goods inflation cooled. We unpack the drivers behind the slowdown, the stubborn pressure from housing and utilities, and what this means for consumer wallets heading into the September MPC meeting…
19 Aug 12PM 16 min

Leaky Pipelines & Broken Rungs: Fixing Gender Gaps in Investments

PPS Investments’ Fran Troskie breaks down why asset management still struggles with gender parity — from caregiving burdens to promotion barriers, wage gaps, and murky leadership pathways. A candid Women’s Month conversation on redesigning the industry for true inclusion.
18 Aug 1PM 16 min