Confidence slips

Business confidence slipped for the second straight month last month, and appeared set for a volatile path, the South African Chamber of Business (Sacob) said yesterday. Sacob's Business Confidence Index fell to 100,5 points last month from 101,5 points in January, compared with an all-time high of 103,5 points in December.

Business confidence slipped for the second straight month last month, and appeared set for a volatile path, the South African Chamber of Business (Sacob) said yesterday. Sacob's Business Confidence Index fell to 100,5 points last month from 101,5 points in January, compared with an all-time high of 103,5 points in December.

"It seems that business has tilted towards a more volatile course," Sacob said.

The January and February levels marked the worst annual start for business confidence since 2002. - Reuters

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