South African policy uncertainty has reached a record high. This is according to the policy uncertainty index (PUI) developed by North-West University’s business school.
In the first quarter of this year the PUI jumped to 78.6, up from 65.7, the highest since the index was launched in 2016.
Policy uncertainty has been heightened by not only local issues, but also rising global uncertainty.
The report also said that there were some indications that South Africa could be on the way to economic recovery, with inflation being moderate and consumer spending and used- and new-car sales showing some growth, indicating that South Africa could be experiencing an uneven economic recovery.