Business confidence up

Lower interest rates and slowing inflation in the local markets boosted business confidence in February, the South African Chamber of Commerce and Industry said yesterday. SACCI's Business Confidence Index rose to 84.5 in February from 82.4 in January. Neren Rau, the chamber's chief executive, said: "Last year in February the BCI was 94 points and the figure we have now is nine and a half points lower." - Maryanne Maina

Lower interest rates and slowing inflation in the local markets boosted business confidence in February, the South African Chamber of Commerce and Industry said yesterday. SACCI's Business Confidence Index rose to 84.5 in February from 82.4 in January. Neren Rau, the chamber's chief executive, said: "Last year in February the BCI was 94 points and the figure we have now is nine and a half points lower." - Maryanne Maina

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