South African business confidence index dips in September

📆 12/10/2023 5:09 a. m.
📰 ReutersAfrica

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South African business confidence fell marginally in September, with factors like energy supply, inflation and construction applying downward pressure in month-on-month terms, data showed on Thursday.

SACCI said in a statement that foreign business-related factors had the most positive short-term impact on business confidence in September.

"The current business climate is not conducive to stimulating overall economic activity. Remedying this situation and enhancing the economy's long-term prospects will require appropriate investments in human capital and fixed capital stock," it added.Germany will ban the pro-Palestinian group Samidoun, Chancellor Olaf Scholz said on Thursday, adding that its members were celebrating Islamist Hamas "terror" in Israel on German streets.

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