Business confidence retreated towards 34-year lows in March, as the ramifications of the spread of the coronavirus became more apparent.

The SA Chamber of Commerce and Industry (Sacci) business confidence index (BCI) fell to 89.9 points in March from 92.7 in February. This is the sharpest monthly decline since August 2019, when the BCI hit 89.1, and its lowest level since August 1985...

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