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.

To contact the reporter on this story: Andres R. Martinez in Johannesburg at amartinez28@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net