Sentiment among CEOs of leading companies in South Africa has remained optimistic about economic and market conditions on the back of stable supply of electricity and political stability since the formation of the Government of National Unity (GNU).
The Merchantec CEO Confidence Index released yesterday recorded a 13% increase in CEO confidence, rising to a score of 51.4 points in the second quarter.
This improvement was driven by a 24% increase in the Consumer Staples sector and the recent absence of load shedding after Eskom suspended rotational power cuts throughout the second quarter.
The Index is a quarterly copyright report which collates the views of CEOs of listed, large private and multinational companies in South Africa since 2009.
It is compiled by Merchantec Capital, a mergers and acquisitions specialist and corporate governance advisory company.
