Insights

Mid-market businesses in SA anticipate challenges and opportunities in the next year, influenced by economic factors and the upcoming 2024 general elections.

Considering investment intentions, mid-market businesses express a strong interest in investing in technology, with expectations of increased investment compared to the previous period.

South Africa's optimism about the economic outlook surged significantly in the latter half of 2023, rising by nine points to reach 53%.

Optimism among South African mid-market businesses is once again under pressure, declining from 53% in H2 2023 to 48% in Q1 2024.

In 2023 H1, South Africa's GDP growth increased due to rising inventories despite loadshedding issues.

What lies ahead for South Africa: envisioning your business future in the midst of inflation, investments, and more.

South Africa's optimism about the economic outlook surged significantly in the latter half of 2023, rising by nine points to reach 53%.

Findings concerning constraints on business growth in H1 2023 reflect a fairly positive picture.

A boost to economic growth would be forthcoming if the government's planned infrastructure investments were realised.

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.

H1 2023 outlook into South Africa's GDP Growth from a post-COVID Recovery.

A Closer Look at SA's Economic Impact on Local Mid-Market Businesses