South Africa's business confidence falls to 16-year low

07 July 2015 - 14:11 By REUTERS

South Africa's business confidence fell 2.3 index points in June to its lowest in more than 16 years, a survey showed on Tuesday, as fundamental weaknesses in the economy weighed on productivity. The Business Confidence Index declined to 84.6 in June, versus 86.9 in May, falling to its lowest level since January 1999, the South African Chamber of Commerce and Industry (SACCI) said.

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