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Interest Rate Hike Likely

Comments made by SA Reserve Bank (SARB) governor Gill Marcus have sparked fears that interest rates will be increased nearer the end of the year.


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Business Confidence Slides

| News by Staff Reporter

To a three-year low a

Business confidence in SA last month fell to its lowest level in three years according to the South African Chamber of Commerce and Industry (Sacci).

Sacci’s Business Confidence Index (BCI) shed 3,8 points last month pushing it down to 95,7 – its lowest reading since March 2009.

According to Sacci, “The continuing fluctuations in business confidence mirror an inherent instability and uncertainty in the business environment.

“Sustainable, higher levels of business confidence needs a solid economic basis driven by sound structural economic fundamentals,” it said.

Through a greater focus on investment and by shifting resources away from consumption a less volatile business mood could be reached, the business chamber said.

Source: www.bizpremises.co.za