Business confidence fell to the lowest levels ever recorded during April as the cumulative effects of the coronavirus lockdown, ratings downgrades and an overstretched fiscus took hold in an economy already confronting recession.

The SA Chamber of Commerce and Industry Business Confidence Index (Sacci BCI) fell to 77.8 in April from 89.9- its lowest level since the index’s inception in 1985 and its second sharpest month-on-month decline on record, according to the chamber. ..

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