ECONOMIC WEEK AHEAD: Global slowdown expected to take a toll on factories and mining

businesslive.co.za

- businesslive.co.za | 6 months ago

The SA Chamber of Commerce and Industry business confidence index on Wednesday is expected to have declined further in September, having fallen to a 34-year low of 89.

1 index points in August. The median forecast according to a Bloomberg poll is for the index to fall to 89, as business people become more wary about the growth prospects of the domestic economy.

The waning business confidence comes as President Cyril Ramaphosa faces pressure to implement the government’s promised growth-boosting economic reform agenda.

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