Economics
S. Africa Business Confidence Fell to Three-Decade Low in 2019
- Sacci business confidence index average falls to 92.6 in 2019
- Business confidence to remain fragile in 2020, Sacci says
Visitors shop in the main plaza at a mall in the Central Business District of Johannesburg.
Photographer: Guillem Sartorio/BloombergThis article is for subscribers only.
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South African business confidence slumped to the lowest in 34 years in 2019 as the country faced power cuts, delays in policy implementation, deteriorating public finances and the risk of losing its only remaining investment-grade credit rating.