CESA’s Bi-Annual Economic and Capacity Survey reveals record low business confidence amidst rising project cancellations and infrastructure challenges
18 June 2024: Business confidence remains a pressing concern in South Africa, with Consulting Engineers South Africa’s (CESA) Bi-Annual Economic and Capacity Survey (BECS), for the period for July - December 2023, revealing a 22% decline, reaching a low of 32, the weakest level since 2019. This drop, exacerbated by political uncertainty, corruption, and infrastructural constraints, has continued into the first quarter of 2024, falling to 30....