CEO confidence is pointing to a continuing recovery in the economy. This is according to the Merchantec CEO Confidence Index released on Wednesday.

The index had continued to rise by four points to 64.18 in the first quarter of 2010, recording its third consecutive quarterly gain from the 2009 second quarter low of 48.13, Merchantec said in a statement.

"Coming off a low base, it is not surprising that CEOs have a more positive outlook this year, compared to the difficult start experienced last year, as a result of the power supply crisis and the global financial crisis," Russell Loubser, CEO of the JSE Limited, said.

Read More...