Johannesburg - About 80% of South African business owners are optimistic about the year ahead, according to the 2006 Grant Thornton International Business Owners Survey (IBOS).
This makes South African business owners the third most-optimistic internationally and continues the South African trend of being considerably more optimistic than the global average (+39%).
In 2005, +84% of SA business owners were optimistic about the year ahead, placing them second internationally.
This year's slight drop in optimism levels is consistent with the drop in the global average which was +41% last year.
South African levels of optimism are still considerably higher than in previous years (2004; +72%, 2003; +34%).
At +93%, up from +88%, India is the most-optimistic country for the second year running. Ireland has jumped from third to second place with +84% optimism and at +77% mainland China has the fourth most-optimistic business owners.
This is the first year that mainland China has taken part in this survey.
The research was conducted among 7 000 owners of medium-sized businesses that employed between 50 and 250 people in 30 countries.
Leonard Brehm, national chairman of Grant Thornton South Africa says: "Now in its fourth year, Ibos has recorded the dramatic increase in levels of optimism amongst South African business owners over the years.
"The levelling of the results does not come as a surprise to us. It is important to remember that South Africa consistently remains near the top of the log."
In line with the decrease in overall optimism among South African business owners, the research reports a slight drop in expected levels of turnover (+71% down from +75% in 2005) and profitability (+54% down from +61% in 2005) for the year ahead.
South African levels of expectation still remain higher than the global average of +62% and +29% respectively.
Encouragingly, there is still an expectation of increased exports for South Africa despite the strengthening rand. This is up from +1% in 2005 to +18% in 2006.
From www.news24.com