CAPE TOWN: Confidence amongst business leaders in Africa fell to its lowest level since October 2009 in the second quarter of 2015. The YPO Global Pulse Confidence Index for Africa, which tracks CEO confidence levels in the region on a quarterly basis, slipped 3.2 points to 57.4, on the back of a sharp drop in confidence in South Africa.
After rebounding 1.3 points in the first quarter of 2015, confidence in Africa now trails the global composite reading of 60.9 by 3.5 points. Africa is the world’s second-most pessimistic region, with only CEOs in Latin America less positive.