SA business confidence slumps

2012-04-03 12:28

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."


  • Mark - 2012-04-03 14:32

    Notice how politically correct these statements are. One has to guess and speculate on the reasons. Could it be that this has something to do with State ineptitude and kleptocratic tendencies? AAH, we are not saying... Where are your gonads Sacci?

  • sannie.maseko - 2012-07-01 17:39

    That is how they want to threaten the transformation. The wealth shall be shared no matter what.

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