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SA business confidence falls to five-month low in February

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JOHANNESBURG - South Africa’s business confidence deteriorated in February, the South African Chamber of Commerce and Industry said on Wednesday, with its index falling to 93.4 from 95.

1 in January, the lowest reading since September.

“The upcoming elections do not only serve as an opportunity to establish credible representation, but also provide a platform to come to a rational and sustainable economic policy framework,” SACCI said in a statement. Analysts said the figures showed growth would remain tepid in 2019, with the Treasury’s modest forecast of a 1.5% expansion in gross domestic product in danger after recent power cuts by state utility Eskom.

 

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