The dire news for South Africa’s economy continues to pile up.
It’s now emerged that a gauge of business confidence collapsed between March and May. The RMB/ Bureau for Economic Research business confidence index came in at just 29 points for the second quarter. Business Confidence 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.
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Categorised in: Breaking News