Economic instability ‘new normal’ in South Africa, can-do attitude persists amid crime wave

Seventy-two per cent of business executives confirmed that turbulence in the local economy over the past six months has affected business operations and decisions, Grant Thornton’s International Business Report (IBR) for the third quarter shows. Referring to economic instability as the “new normal”, the audit, tax and advisory services provider further noted that when asked to explain how this turbulence had affected privately held businesses and listed companies, 68% of executives stated that …