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South African business confidence drops to five-month low due to global and local factors.
South African business confidence dropped slightly in March to a five-month low, according to the SACCI Business Confidence Index.
The decline was driven by global economic pressures, including the war in the Middle East, and local factors such as a volatile rand, falling share prices, and reduced trade.
Despite the monthly dip, confidence remained higher than in March 2025, supported by increased vehicle sales and tourism.
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La confianza empresarial sudafricana cae a su nivel más bajo en cinco meses debido a factores globales y locales.