Business confidence ticks up from 20-year low
But the latest reading of the RMB/BER Business Confidence Index is still deep in negative territory
27 November 2019 - 12:03
As business confidence languished near its weakest levels in two decades, the SA Reserve Bank insisted that cutting interest rates is not a remedy for the country's economies woes that are threatening the loss of its remaining investment grade.
While the central bank could act and provide some stimulus if there was a slack in growth, the extent to which low levels of credit growth, investment and confidence in the economy could be explained by tighter monetary policy was debatable, deputy governor Rashad Cassim told journalists on Wednesday...
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