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SA business confidence slumps

Apr 03 2012 12:28 Reuters

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Johannesburg - South Africa's business confidence index dropped to a three-year low of 95.7 in March from 99.5 in February due to uncertainty over the local and global economy, the South African Chamber of Commerce and Industry (Sacci) said on Tuesday.

"The continuing fluctuations in business confidence mirror an inherent instability and uncertainty in the business environment," Sacci said in a statement.

"An economic environment that induces and seeks private fixed investment could help to sustain an improving business outlook."

 
sacci  |  sa economy  |  business confidence index
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