South Africa's business confidence slipped for the second straight month in February, and appeared set for a volatile path, the South African Chamber of Business (SACOB) said on Friday.
SACOB's Business Confidence Index fell to 100.5 points in February from 101.5. points the previous month, compared with an all-time high of 103.5 points in December.
"It seems that business has tilted towards a more volatile course," SACOB said, adding that the January and February levels marked the worst annual start for business confidence since 2002.
"The uncertainty that began with developments in the Chinese economy and the corrections that have taken place, and might still be taking place in world markets in the near future, could play a profound role in a global context," the business body said.
Read more at Reuters South Africa
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