Business confidence hits lowest in at least 20 years
The BCI has not been this low since the 1998-1999 emerging-market debt crisis
11 September 2019 - 12:44
Two business confidence indicators have dropped to their lowest levels in 20 and 34 years, respectively, as more business people have become pessimistic about the future of SA's economy.
Rand Merchant Bank and Stellenbosch University’s Bureau for Economic Research's business confidence index (BCI) dropped to 21 index points in the third quarter from 28 in the previous quarter, data showed on Wednesday...
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