/ 7 August 2003

Business confidence on the recovery, says Sacob

The business confidence index (BCI) continued its recovery in July after nosediving earlier this year, the SA Chamber of Business said on Thursday.

”Sacob’s business confidence continued to recover after dropping to 102,4 in May and re-gaining some lost ground in June,” Sacob said in a statement.

”The BCI measured 108 in July compared to 105,8 in June. The July figure is the highest this year and also the highest since the 108,1 in June 2002.” – Sapa