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South Africa's business confidence at seven-months low in May - survey
June 7, 2017 / 9:39 AM / 4 months ago

South Africa's business confidence at seven-months low in May - survey

JOHANNESBURG, June 7 (Reuters) - Business confidence in South Africa fell to a seven-month low in May, hit by political tension, doubts over the course of economic policy and credit ratings downgrades, a survey showed on Wednesday.

The South African Chamber of Commerce and Industry’s (SACCI) monthly business confidence index (BCI) fell to 93.2 in May - the lowest since October - from 94.9 in April. (Reporting by Olivia Kumwenda-Mtambo; Editing by Hugh Lawson)

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