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).



Q1 2018

CEO’s in high spirits on the back of the election of the new president.

The Merchantec CEO Confidence Index recorded a 56.18% increase in CEO confidence between Q4 of 2017 and Q1 of 2018 to a score of 60.0, finally moving above the neutral score line of 50 points, which was last seen in Q1 of 2017. These kind of levels in the overall CCI were last seen in 2012. Economic conditions and Industry growth were the biggest contributors to the massive CEO confidence leap.

Most CEO’s have indicated that the election of the new president has had a positive boost on their business. Will this euphoria after the presidential change translate from optimism to actual material change, only time will tell. SA staving off the Moody’s junk status contributed to investor confidence. Some CEO’s are still sceptical over economic growth prospects following policy changes such as the recent VAT increase as well as the rumblings of land expropriation without compensation. One prominent CEO said that despite the “land issue”, RSA’s political outlook and business optimism has significantly improved since the December election.

The financial sector recorded the largest increase in overall confidence attributed to economic conditions, industry growth and company growth as major factors. The Industrials sector made a significant comeback being the second largest increase in CEO confidence siting company growth prospects as the reason.

Financials recorded the largest increase in confidence of 65% in Q1 2018. This sentiment was attributed to a 105.3% increase in confidence relating to economic conditions and an increase of 71.1% in industry growth expectations.


Industrials increased by 51.4%, moving to a score of 59.3. The increase in overall confidence was primarily driven by increases in economic conditions and industry growth expectations.


Consumer Services increased by 40.7%. This was driven by a 143.1% increase in confidence relating to economic conditions


For a copy of the first quarter 2018 Merchantec CEO Confidence Index Report or for previous quarterly reports, please email Sabrina Manikkam at sabrinamanikkam@merchantec.co.za or visit Merchantec CEO Confidence Index for past results.

CEO CONFIDENCE INDEX 2018


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CEO CONFIDENCE INDEX 2017


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CEO CONFIDENCE INDEX 2016


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CEO CONFIDENCE INDEX 2015


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CEO CONFIDENCE INDEX 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


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CEO CONFIDENCE INDEX 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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