• The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

  • Don't take us for fools

    It's time for businesses to stop thinking consumers are gullible, says Mandi Smallhorne.

  • Losing the plot

    Parastatal leaders have lost focus of what they're supposed to do, says Nonkululeko Gobodo.

All data is delayed
See More

Labour unrest hits business confidence

Oct 03 2012 11:54

Johannesburg - Business confidence in South Africa fell again in September after a rebound the previous month, weighed down by a wave of mostly illegal strikes that have hit the mining sector in particular.

The Business Confidence Index (BCI) shed 3.3 points to 91.7 in September, not far off a 12-month low of 90.9 reached in July, data from the South African Chamber of Commerce and Industry (Sacci) showed on Wednesday.

“Recent developments in the domestic labour market weighed heavily on the BCI,” Sacci said in a statement, alluding to strikes by as many as 75 000 miners that have hit platinum and gold mining firms and further threatened the country’s shaky growth prospects.

The business grouping was also concerned about Moody’s downgrade of South African debt last week and its drop by two positions in the 2012/2013 World Economic Forum competitiveness rankings.  

*Follow Fin24 on TwitterFacebookGoogle+ and Pinterest.  




Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote