SA's business confidence drops

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IOL economy arrows

Filomena Scalise

Johannesburg - South Africa's business confidence index dipped further in November, dropping to 90.8 points from 91.1 in October as firms worried about the poor performance of Africa's largest economy, a survey showed on Thursday.

The South African Chamber of Commerce and Industry said the BCI had one of its worst month-on-month performances.

“Households, all spheres of government and the private sector have all been impacted by sub-optimal economic performance,” SACCI said, warning that the economic challenges could take on “more serious structural dimensions if not addressed urgently and coherently”. - Reuters

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