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INSIDE YOUR BUSINESS – 55% of CEOs express doubts over Brics benefits, but confidence index improves

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GUEST – Myles Waldeck, Head of M&A Buy Side at Merchantec Capital

This quarter’s Merchantec CEO Confidence Index (MCCI) indicates that 55% of CEOs that were surveyed harbour doubts about the potential benefits of South Africa's association with the Brazil, Russia, India, China and South Africa (Brics) trade grouping.

The questionnaire aimed to gauge perceptions regarding whether Brics could offer South Africa opportunities for trade, investment and technology exchange that could contribute to the nation’s economic growth and development. The results show that just over half of South African CEOs that were surveyed do not view Brics as a remedy for the country’s economic issues.

4 Oct 2023 5PM English South Africa Business News · Investing

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