Tags: bizprime, business, chart, confidence
Categorised in: Breaking News
The dire news for South Africa’s economy continues to pile up.
It’s now emerged that a gauge of businessconfidence collapsed between March and May. The RMB/ Bureau for Economic Research businessconfidence index came in at just 29 points for the second quarter. BusinessConfidence can vary between 1 and 100, where 1 indicates an extreme lack of confidence, 50 neutrality and 100 extreme confidence. So 29 is very poor indeed.
For more news, visit: http://www.sabc.co.za/news