SA's business confidence recovers from 35-year low

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Business confidence in SouthAfrica recovers from 35-year low

JOHANNESBURG - South African business confidence recovered from a 35-year low in July, boosted by improving global economic activity, but the measure remained well-below average, over worries about the slow re-openinng of the economy and soaring local infections.

The sentiment gauge had crashed to 70.1 in May, its lowest since the inception of the survey in 1985, and below last year’s average of 92.6.

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