South African Building Confidence Climbs to Highest Since 2010

March 13 (Bloomberg) -- South African building confidence rose in the first quarter to the highest since the last three months of 2010, according to First National Bank.

The FNB/BER index increased 5 points to 34 in the first quarter from the previous quarter, the lender, a unit of Johannesburg-based FirstRand Ltd., said in an e-mailed statement today.

The quarterly building confidence index is compiled by FNB and the University of Stellenbosch’s Bureau for Economic Research.

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