South Africa still in ‘foothills of economic recovery’ as fourth-quarter policy uncertainty …

South Africa is “still in the foothills of economic recovery” and, while external influences must still be skillfully navigated, the country’s future economic performance will hinge mainly on domestic policy decisions that maintain a macroenvironment that is efficient, stable and consistent for investment and job-rich growth. This is the main message of the North-West University Business School’s Policy Uncertainty Index (PUI) for the fourth quarter, with the PUI unexpectedly rising much further into negative territory to 65.7, compared with 53.5 in the third quarter of the year, said NWU Business School Professor Raymond Parsons.