The North-West University (NWU) Business School's Policy Uncertainty Index (PUI) improved to 55.2 in the first quarter of this year, from 56.7 in the fourth quarter of 2020, but remains elevated and well in negative territory. The factors keeping the index high include implementation risks around key policy commitments, energy supply uncertainty, vaccine rollout uncertainty and the risk of infection resurgence, and the interplay between factionalism in the governing ANC party and the pace of structural reforms, states the business school
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