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Assessing and promoting civil and minority rights in South Africa.

[Source: Business Day by Sunita Menon.]

After a slight boost in July, business confidence has fallen to its lowest level in almost a year.

The Sacci business confidence index (BCI) dropped 4.2 index points in August to 90.5 compared to 94.7 in July. However, it remained 0.9 index points above the 89.6 of August 2017.

“The positive mood that prevailed at the beginning of 2018 has been overtaken by uncertainty and events that weigh on the economic prospects for SA. This also taints SA as a sought-after investment destination,” the South African Chamber of Commerce and Industry (Sacci) said in a statement on Wednesday.

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South Africa at a Glance
58 780 000 (mid 2018 estimate)
4.5% y/y in June 2019 (CPI) & +5.8 y/y in June 2019 (PPI)
-3.2% q/q (1st quarter of 2019)
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