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SOUTH AFRICAN BUSINESS PULSE Future business investment intentions (H1 2023)
70% of South African businesses expect increased profitability in the next 12 months, leading to greater interest in staff skills and new buildings. However, investment in plant and machinery has decreased.
South African Macroeconomic Overview & IBR Results – H1 2023 Resilience of SA economy underlined by lower inflation (H1-2023)
What impact has the decline in inflation from levels above 7% to below 5% had on the current economic resilience of the economy?
Future business investment intentions Investment is continuing its recovery (IBR 2023)
H1 2023 GDP growth exceeded expectations due to a continued increase in gross fixed capital formation (GFCF), which had declined for almost a decade until late 2021.