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Business confidence falls in July on reduced merchandise export volumes

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Higher real financing costs and the weak rand contributed too, the SA Chamber of Commerce and Industry business confidence index shows

Business confidence declined in July, weighed down by reduced merchandise export volumes, higher real financing costs and the weak rand, according to the SA Chamber of Commerce and Industry business confidence index on Thursday.

The Sacci business confidence index declined 1.5 index points in July to 107.3, from June’s 108.8 — when the energy supply stabilised slightly — and May’s 106.9.... There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an

 

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