SA's business confidence lower

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IOL economy arrows Filomena Scalise

Johannesburg - Business confidence in South Africa started the year off on a weaker tone, falling to 90.5 in January from 91.9 in December, as lacklustre economic growth prospects created uncertainty for businesses, a survey showed on Tuesday.

“In response to subdued economic growth, South Africa must pay urgent attention to facilitating fixed investment,” the South African Chamber of Commerce and Industry said.

“South Africa's immediate vulnerabilities; the deficit on the current account, the quality of capital inflows that expose the rand to severe pressure and the size of budget deficit, are risk elements that demand ongoing attention.” - Reuters

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