INVITE: NWU Business School marks 10 years of Policy Uncertainty Index, releases Q2 2026 results

Prof Raymond Parsons.

On behalf of the NWU Business School, Prof Raymond Parsons is pleased to share the attached invitation to the NWU Business School’s 10th anniversary celebration of the Policy Uncertainty Index (PUI).

The PUI has become a key economic indicator in South Africa, tracking how policy ambiguity affects the country’s business confidence, investment climate and broader economic outlook. Expressed as a net balance with a baseline of 50, readings above 50 indicate heightened uncertainty, while lower readings signal improved conditions.

The latest results will be presented in the context of recent elevated uncertainty levels. In the first quarter of 2026, the PUI rose to 77.8 from 64.9 in the previous quarter, following a record high of 81.0 in the third quarter of 2025. These trends reflect the continued impact of domestic and global factors, including policy uncertainty, international trade developments, fiscal pressures and geopolitical tensions.

Compiled by Parsons and other role players, the PUI offers valuable insights into the relationship between policy uncertainty, investment, employment, output and South Africa’s overall economic performance.

The speakers are:

1. Prof Raymond Parsons – North-West University Business School

2. Wandile Sihlobo – Chief economist at Agbiz

3. Prof Waldo Krugell – North-West University

We hope you will be able to join us.

PUI celebration invitation.