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SA policy uncertainty climbs to record high
The Star
|September 29, 2025
SOUTH Africa's Policy Uncertainty Index (PUI) surged to a record 81.0 points in the third quarter of 2025, up from 75.9 in the previous quarter, according to the North West University (NWU) Business School.
The baseline of the index is 50, with higher levels reflecting greater policy uncertainty.
NWU Business School economist Professor Raymond Parsons said the rise in uncertainty was driven by a mix of global and domestic headwinds.
“A combination of negative global and internal factors outweighed the positive ones in the PUI over this period,” he said.
Parsons added that the International Monetary Fund (IMF) will soon update its overall economic forecasts for its annual meeting in October.
On the global front, the IMF is set to update its economic outlook at its October annual meetings. Its last projections raised global growth to 3.0% for 2025 and 3.1% for 2026, citing a modest easing of trade tensions.
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