Economics
South Africa Business Confidence Drops to Record Low on Lockdown
- RMB/BER index declines to 5 in second quarter from 18
- Index shows almost all respondents unhappy with conditions
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South African business confidence plunged to the lowest level in 45 years due to the impact of the coronavirus pandemic, with companies even more pessimistic now than when disinvestment from the country over its apartheid policies started gaining momentum more than three decades ago.