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Johannesburg - South Africa’s rebased business confidence
index fell to 99.0 in July from 102.4 in June, the South African Chamber of
Commerce and Industry (Sacci) said on Wednesday.
“By taking the average for 2010 as the reference point, the
Sacci business confidence index decreased from 102.4 in June 2011 to 99.0 in
July 2011 - the lowest level thus far for 2011 following the previous low of
101.2 in May,” said Sacci.
“Global and domestic economic conditions are not conducive to improved business confidence,” the business group said of the fall in the index.
