SA business and consumer confidence to be driven by the commodities super cycle
By Opinion
By Ryk de Klerk
Despite recovering from the heavy lockdown due to the outbreak of Covid-19 last year, consumer and business confidence, the main pillars of economic prosperity, remain in the doldrums. Things are about to get better soon, though.
The next commodity super cycle is already solidly under way and is set to gain further impetus as major economies are about to throw off the shackles of the coronavirus. It must have a major positive impact on South Africa’s economy.
The current global economic upturn will not only be a return to normality, but instead of a boom/bust scenario, the duration of the upturn could exceed expectations.