The RMB/BER Business Confidence Index (BCI) essentially flat lined at 34 in the fourth quarter. While this is an improvement on the seven and a half-year low of 29 in the second quarter, sentiment clearly remained depressed. The poll was therefore finalised ahead of Standard & Poor’s decision to downgrade South Africa’s local currency credit rating to speculative grade, as well as before Black Friday. RMB Chief Economist, Ettienne le Roux joins CNBC Africa for more.
Business is able but not willing to invest in SA until certainty, says RMB’s Ettienne le Roux
PUBLISHED: Tue, 28 Nov 2017 11:26:05 GMT