Confidence among businesses improved in December, partly buoyed by political developments, the South African Chamber of Commerce and Industry (Sacci) said on Wednesday. Sacci did not specify the political developments in question, but investors have applauded the election in December of Deputy President Cyril Ramaphosa, a former businessman, as new leader of the ruling African National Congress (ANC), a move they hope will steer the country towards more economic-friendly policies.

Leave a Reply

Your email address will not be published. Required fields are marked *