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Johannesburg - South Africa’s business confidence index dipped for the fourth month in a row to 97.5 in October from 98.4 in September, weighed down in part by a volatile exchange rate, the South African Chamber of Commerce and Industry (Sacci) said on Thursday.
“The depreciation of the weighted rand exchange rate and its volatility are cause for concern,” said Sacci, adding that higher producer inflation and lower share prices were also a worry.
Business confidence remains “very fragile under the present delicate and uncertain global financial conditions”, the business grouping said.
“The depreciation of the weighted rand exchange rate and its volatility are cause for concern,” said Sacci, adding that higher producer inflation and lower share prices were also a worry.
Business confidence remains “very fragile under the present delicate and uncertain global financial conditions”, the business grouping said.
