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Uptick in business confidence

Aug 08 2013 12:06 Reuters

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Johannesburg - Business confidence in South Africa nudged up to 90.7 in July from 90.2 in June, still constrained by poor global and domestic economic conditions, a survey showed on Thursday.

"South Africa has to pay attention to issues relating to its inability to grasp global trade opportunities timeously and improve its current account position," the South African Chamber of Commerce and Industry said in a statement.

The yawning current account deficit has historically been funded by capital inflows.


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