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).



Q2 2017

Confidence Crisis in Q2!!!

The Merchantec CEO Confidence Index recorded a 24.75% decrease in CEO confidence between Q1 of 2017 and Q2 of 2017 to a score of 38.7% persisting at a score below the neutral score line of 50 points. Survey feedback indicates, that most CEOs believe that political instability, the ratings downgrade, ineffective BB-BBEE policies and the tax increases will hinder growth prospects for the rest of 2017.


A number of CEO’s have adopted the wait and see approach and are in “survival mode”, they feel the IMF forecast of a 1% growth is a bit bold considering the current economic climate. CEO’s in the consumer goods sector have noted a marked decrease in consumer spending, while our basic resource sector seems to be the worst hit.


CEOs across all six industry sectors believe current economic conditions in South Africa compared to six months ago are on the downturn with the worst being recorded in the basic materials sector which is at an all-time low going down by 41.8% from the last quarter. Overall, growth expectations in economic conditions decreased by a staggering 40.4%, followed by a decrease in industry growth expectations by 25.7%, and the ability to secure debt or equity by 23.3%.



Basic Materials recorded the largest decrease in confidence at 41.8%, moving to a score of 31.67. The decrease in overall confidence was driven by decreases in contributing individual components of the index, mainly 53.2% decrease in planned levels of investment and 52.6% decrease in economic conditions.


Consumer Goods decreased by 20.6%. Sentiment was primarily driven by a 31.2% decrease in confidence relating to economic conditions and a 23.8% decrease in the confidence relating to the ability to secure debt and equity capital.


Financials recorded a decrease in confidence of 23.1 in Q2 2017. This fall in confidence can be attributed to a 42.9% decrease in confidence relating to economic conditions, and a 35.4% decrease in industry growth expectations.




CEO CONFIDENCE INDEX 2017


Q1:2017   Q2:2017
 
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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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