CEO Confidence

CEO CONFIDENCE INDEX

The Merchantec Capital CEO Confidence Index is a unique economic measure of the confidence of CEOs across the South African business landscape.


Gain insights into intended corporate hiring, capital and debt raising, Capex and future investments of South African companies and their leaders.


The questionnaire aggregates responses from over 1,000 CEOs of companies in both the listed and private environments. The Index therefore provides a comprehensive outlook of the South African economy going forward and is a leading indicator of the perceptions of business Executives.


The Merchantec Capital CEO Confidence Index was first released in Q2 2009 and is prepared on a quarterly basis.


Guest commentary from prominent CEOs including Mark Smith (FoneWorx Holdings Limited), Craig Venter (Allied Technologies Limited), Wayne Hook (Spar Group Limited) and Bernie Krone (EsorFranki Limited).



Q3 2017

One third of CEO’s plan to invest in Africa in the medium term while confidence in South Africa remains around all-time lows.

The Merchantec CEO Confidence Index recorded a 0.40% increase in CEO confidence between Q2 of 2017 and Q3 of 2017 to a score of 38.9 persisting at a score below the neutral score line of 50 points. Survey feedback indicates that most CEOs feel the economy is stagnant. Decisions are on hold because of uncertainty of where policy is headed and concern over the lack of leadership in the current government. One CEO remarked “We are mostly experiencing longer decision cycles and cautious investment decisions “.

CEO’s don’t see an end to this weak cycle in the near future, as whenever one sector starts to pick up, another slows down. Most CEO’s are pinning their hopes on the ANC election in December, until then they expect more of the same.

A significant part of the rating comes from the fact that many CEOs don’t see the economy improving until a new regime takes office. “We need a leadership who will bring jobs, negotiate properly and inspire business owners to re-build their businesses” said a CEO.

This quarter we asked CEO’s where their medium term investment strategy lies. 54% of the CEO’s who participated in the survey said they are investing in South Africa, 34% said rest of Africa,11.2% said Europe, followed by 9.5% who said the UK would be their investment destination of choice.

Basic Materials recorded the largest increase in confidence of 59.3%, moving to a score of 50.45. The increase in overall confidence was primarily driven by increases in confidence in planned levels of investment up (104.5%) and in economic conditions up (94.3%).

Consumer Goods Increased by 5.8%. Sentiment was primarily driven by a 10.9% increase in confidence relating to the ability to secure debt and equity capital and a 6.8% increase in confidence in economic conditions.

Financials recorded a decrease in confidence of 2.3% in Q3 2017. This fall in confidence can be attributed to a 17.6% decrease in confidence relating to the ability to secure debt and equity capital, and an 8.1% decrease in company growth expectations.

CEO CONFIDENCE INDEX 2017


Q1:2017   Q2:2017
 
Q3:2017  
 
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CEO CONFIDENCE INDEX 2016


Q4:2016 Q3:2016
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CEO CONFIDENCE INDEX 2015


Q4:2015 Q3:2015
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CEO CONFIDENCE INDEX 2014


Q3:2014
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CEO CONFIDENCE INDEX 2013


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CEO CONFIDENCE INDEX 2012


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CEO CONFIDENCE INDEX 2011


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CEO CONFIDENCE INDEX 2010


Q4:2010 Q3:2010
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CEO CONFIDENCE INDEX 2009


Q4:2009 Q3:2009
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Q2:2009
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IN THE MEDIA


2013
Q2
http://finweek.com/2013/06/05/labour-unrest-and-unsecured-lending-shake-ceo-confidence/

The Merchantec CEO Confidence Index, an index that reflects the confidence levels of local CEOs, weakened in the second quarter of this year.

http://www.engineeringnews.co.za/article/survey-shows-ceos-confidence-down-2013-06-05

The level of confidence among South African CEOs weakened in the second quarter, with top executives expressing concern over the impact of...

http://businessnews.howzit.msn.com/article.aspx?cp-documentid=255610115

CEO confidence index weakens in the second quarter of this year according to a survey conducted by Merchantec Capital.

Q1
ABN Digital - Merchantec CEO Confidence Index up 11.5% in Q1

The Merchantec CEO Confidence Index ticked up 11.5% to 58 points in first quarter of 2013. The Basic Materials sector had the greatest increase in confidence, ...

CEO Confidence Index rises 11.5% from 52 to 58 pts - howzit MSN ...

Merchantec CEO Confidence Index strengthens in the first quarter of 2013 rising by 11.5% from 52 to an overall score of 58 points.

2012
Q4
SABC News .com - Merchantec CEO Confidence Index

SABC News .com - Merchantec CEO Confidence Index ... The Merchantec CEO Confidence Index weakened in the fourth qaurter this year, dropping by 5.8 ...

Strikes, tepid growth dent executive confidence

CEO confidence fell to a three-year low this quarter, weighed down by wildcat strikes, the economic slowdown, and weakness in global demand. The Merchantec CEO confidence indexfell to 52 in the fourth quarter from 58.1 in the third - its lowest in nearly ...

Q3
CEOs' confidence still shaky but improving, index shows
BDLive

A CEO confidence index developed by Merchantec, a corporate finance, equity research and business advisory firm, recorded a marginal rebound in overall ...

CEOs confidence improves marginally
Creamer Media's Engineering News

The latest Merchantec CEO confidence index improved by 4.5% to 58.06 points in the three months from June to September, from 55.5 in the previous quarter.

Q2
Bonds a tad firmer in quiet trade
BusinessLIVE

This is according to the Merchantec CEO Confidence Index. CEO confidence recorded a significant fall on account of the woes in the euro zone, the economic ...

CEOs' confidence still shaky but improving, index shows
Creamer Media's Engineering News

Europe remained a major trading partner for South Africa, with 70% of South African CEOs canvassed in the Merchantec CEO Confidence Index, published on ...

Q1
CEOs positive about SA economic outlook
Primedia Broadcasting - Eyewitness News

A new survey shows South African chief executive officers are more optimistic about the country's economic outlook. The Merchantec CEO's Confidence Index ...

BusinessDay CEO confidence surges survey

The Merchantec CEO confidence index bucked its downward trend of the previous three quarters to increase 20% to 656 points in the first quarter of this year ...

2011
Q4
Euro risk tempers CEO optimism
Business Day

This is according to the findings of the Merchantec Capital CEO Confidence ... Merchantec said although confidence levels among the CEOs were relatively...

CEO confidence stabilises, survey shows
BusinessLIVE

The Merchantec CEO Confidence Index remained relatively flat in the fourth quarter of 2011, with a slight dip to 54.4. "This stabilisation could suggest the ...

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2011
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TELEVISION INTERVIEWS


2014
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Merchantec Capital is a leading corporate finance, independent equity and debt sponsor, research and business advisory company based in Johannesburg, South Africa.

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