Business Confidence Index slowly recovering

Business confidence continued its recovery in March after falling to its lowest in more than two decades in December, a survey showed this week. The Business Confidence Index rose to 81.2 in March from 80.1 the previous month, the South African Chamber of Commerce and Industry said in a statement.

The index slipped to its lowest in 23 years in December after President Jacob Zuma changed two finance ministers within a week and bets of interest rate hikes in the United States, but started to recover once the Constitutional Court handed down its verdict against Zuma and the looming possibility of a change in the Presidency.

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