No surprise, policy uncertainty increased in Q2

The NWU Business School published the latest policy uncertainty index figure on Friday and it stands at the highest level ever. Policy uncertainty is when there is uncertainty about government policy or its consequences. The examples are unfortunately plentiful - for example, is the South African government committed to the transition to renewable energy which is largely generated by the private sector, or do they still see a big role for Eskom and coal in the future? Research shows that uncertainty causes investment to be delayed and this dampens economic growth. This episode is supported by the NWU Business School. Errors and omissions are my own.