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2021-06-09 14:30:29 GMT2021-06-09 22:30:29(Beijing Time) Xinhua English
JOHANNESBURG, June 9 (Xinhua) The Rand Merchant Bank/Bureau of Economic Research (RMB/BER) Business Confidence Index released on Wednesday showed that business confidence increased by 15 points to 50 in South Africa in the second quarter of 2021.
The survey covered about 1,300 business people spread across the building, manufacturing, retail, wholesale and motor trade sectors. The 50 points meant that the number of respondents satisfied with prevailing business conditions now equal those that are unsatisfied.
It is an outcome we have not seen in years , said Ettienne le Roux, chief economist at RMB.
The outcome showed that confidence rebounded especially sharply in the manufacturing, retail trade and motor trade sectors. By contrast, sentiment among building contractors and the wholesale trade sector improved only marginally.
SA business confidence jumps in Q2 (before Eskom unleashed Stage 4, that is)
9 June 2021 7:01 PM Business Confidence
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Bruce Whitfield talks to economist Siobhan Redford about the RMB/BER Business Confidence Index released on Wednesday.
Business confidence in South Africa showed a strong recovery in the second quarter of 2021.
It s at its highest levels in three years, according to the South African Chamber of Commerce and Industryâs (Sacciâs) monthly business confidence index (BCI).
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Also out on Wednesday is the Rand Merchant Bank/Bureau of Economic Research (RMB/BER) Business Confidence Index.
It shows that business confidence increased by 15 points to 50 in the second quarter.