South African CEOs’ optimism waning – index

The Merchantec CEO Confidence Index (MCCI), compiled by corporate finance and research and business advisory company Merchantec Capital, recorded a 20.9% decrease in CEOs’ confidence between the first and second quarters of this year –  a downward spike following the increase in optimism between the fourth quarter of last year and the first quarter of this year.

The MCCI collates views from over 1 000 CEOs of top South African companies to provide a leading indicator into how business leaders perceive local market conditions and the immediate economic future.

Merchantec noted that most CEOs had hoped that the election of President Cyril Ramaphosa would bring drastic Cabinet reshuffles as well as radical economic policy changes that would potentially…

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