The multi-decade low business confidence reading last week, which came out at 21 out of 100 was shocking.
It is the lowest since the 1998 emerging markets crisis, when interest rates hit 25.5%. It was worse than the global financial crisis in 2009 when the economy shrank for three quarters.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.
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In City Press Business: SA’s economic freedom deteriorates; Xenophobia harms free trade dealIn City_Press Business today: China is keen on investing in the Eastern Cape and has already signed eight co-operation agreements; SA's rich might be the flashiest but they have only grown their wealth by a small fraction compared to the rest of Africa
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