SA April business confidence index dips to 92.6

Business confidence in South Africa dipped to 92.6 in April from 92.7 in March, with an improvement sentiment likely to be reliant on policies applied by the newly elected government, the South African Chamber of Commerce and Industry (SACCI) said.

“The business climate and business response are to a large degree dependent on the rapid implementation of important facets of the national development plan and the adherence to sound public sector management and accountability,” SACCI said in a statement on Wednesday.

“Prompt action by the newly elected government is required if permanent fault lines in the economy are to be averted.” - Reuters