Business confidence in the “other services” sector — which provides the latest trends and outlook for hotels, restaurants, transport, real estate and business services — fell in the fourth quarter, pointing to overall subdued sentiment in the SA economy.

According to the Bureau for Economic Research (BER), other services saw a six-point decline in confidence, resulting in the 2023 average confidence level now being almost 10 points below that of 2022, and consistently below the long-term average...

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