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10 Mar 2015

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Load shedding dents business confidence

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Johannesburg - The quarterly business confidence index stumbled in the first quarter of 2015 due to the negative impact of load shedding, which was slightly offset by lower fuel prices and inflation, a survey showed on Tuesday.

The Rand Merchant Bank (RMB) survey, conducted by the Bureau for Economic Research, fell to 49 points in the first quarter from 51 in the previous three months.

This reflected an improvement in retail confidence on the one hand, against a setback in the building and manufacturing sectors on the other.

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Currencies Commodities Jse Indexes

Rand - Dollar

19.04

-0.3%

Rand - Pound

23.68

-0.3%

Rand - Euro

20.22

-0.3%

Rand - Aus dollar

12.19

+0.2%

Rand - Yen

0.12

-0.0%

Platinum

973.60

-0.2%

Palladium

1,021.00

-0.2%

Gold

2,384.15

+0.0%

Silver

28.20

-2.3%

Brent-ruolie

90.10

-0.4%

Top 40

66,902

-2.1%

All Share

73,000

-2.0%

Resource 10

61,638

-3.5%

Industrial 25

98,321

-1.8%

Financial 15

15,650

-1.1%

All JSE data delayed by at least 15 minutes

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