Mmamabula boosts business confidence

The BES survey, which was carried between March and April 2007, shows that the economy was expected to have realised red-hot growth of 7.5 percent in 2006/07 and slow down to 7 percent in 2007/08.

These expectations beat the government's economic growth forecast for the second half of the National Development Plan IV (NDP 9) of 4.4 percent.
"It is interesting that firms have remained so positive about growth prospects with expectations exceeding government's own published forecasts for the second half of NDP 9 (the Mid-Term Review shows an average of 4.4 percent for this period", the report observes.