80% of CEOs believe that the ANC’s support will fall below 50% - Survey

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

In this quarter’s Merchantec CEO Confidence Index, CEOs were asked about their predictions on political developments: "Will the ANC’s support fall below 50% in the upcoming elections?" An overwhelming 79.7% of CEOs indicated that they believe it will.

The responses highlighted a shared concern among CEOs over the current political direction and its impact on the business climate. A significant number of leaders expressed a desire for change, with some calling for economic reforms and a pivot away from ideologies seen as detrimental to market freedom. "We need to allow the free markets to take the reins. Privatise all SOE's," one CEO stated, reflecting a wider sentiment for change.

4 Apr 2024 4PM English South Africa Business News · Investing

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