Subscribe & Follow

Advertise your job vacancies

#YouthMonth: Kyle Percival's rise from adversity to co-owning a sportswear brand
Imran Salie
Uncle Waffles' recipe for brand success: Beats, burgers, and beyond
Karabo Ledwaba
A new era for Smart Media: Expanding their reach with Pick n Pay family stores
How to go viral on social media
Alexander Brand
BHP skips hydrogen, turns to electric trucks after Anglo rejection
Lindsey Schutters
#YouthMonth: Meet Tribeca Public Relations new faces
Karabo Ledwaba

Jobs

Senior Operations Manager - Investments Midrand
Investments Analyst Hedge Funds Midrand

More jobs Submit a job Open account

Business confidence at lowest level this year

7 Sep 2011

Business confidence has dropped to its lowest level in a year according to the Bureau for Economic Research and Rand Merchant Bank's Business Confidence Index.

City Press reports that the index declined seven points to 48 in the second quarter of this year and then fell by a further nine points to just 39 in the third quarter. The BER says that the reading of 39 indicates that six out of ten respondents are unsatisfied with prevailing business conditions.

It says that business confidence declined in the new vehicle trade, manufacturing and wholesale trade sectors.

The Mail & Guardian says that the drop in confidence and weaker underlying developments in all sectors suggested that any upturn in the South African economy had lost some steam.

It quotes the BER as saying that South Africa's business cycle upswing had mainly been driven by favourable terms of trade and strong real wage gains.