South Africa is a very negative country.
— Alan Mukoki, SACCI
If the rand strengthens it is seen as positive for confidence, but many businesses want a weaker currency!
— Kevin Lings, Stanlib
South Africa’s business confidence index fell to its lowest in 32 years.
The South African Chamber of Commerce and Industry’s (SACCI) monthly business confidence index (BCI) fell to 89.6 in August, the lowest level since mid-1980s, from 95.3 in July.
The Money Show’s Bruce Whitfield interviewed SACCI CEO Alan Mukoki and Stanlib Chief Economist Kevin Lings.
Listen to the interviews in the audio below (and/or scroll down for more quotes from it).
People are frozen in the headlights.
— Alan Mukoki, SACCI
These things jump up and down all the time.
— Alan Mukoki, SACCI
We do not poll members… We only look at data…
— Alan Mukoki, SACCI
Our numbers tend to track other business confidence indices.
— Alan Mukoki, SACCI
Confidence is well below where we were during the financial crisis.
— Kevin Lings, Stanlib
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