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/ 10 September 2008
Having fallen by 22 index points over the first half of 2008, the RMB/BER business confidence index declined by 11 points during third quarter.
South African business confidence fell in the second quarter of 2008, knocked by rising interest rates, high food and fuel costs and violent attacks against foreigners.
South African economic confidence recovered from a near four-year-low in March, pointing to signs conditions may improve in the medium term, although the growth and inflation outlook remained bleak. A survey of 22 economists released on Thursday showed the Reuters Econometer ticked up to 231,39 from 227,02 in February.