Business Confidence Index drops in September
The South African Chamber of Commerce and Industry's Business Confidence Index for September has lost 2.6 index points.
SACCI says the business climate had a notably uneven course since the end of 2015.
SACCI economist, Richard Downing says this unpredictable and turbulent period had a significant negative impact on business confidence and the business mood.
Positive monthly contributions to the BCI last month mainly came from merchandise import and export volumes, energy and more new vehicles sold.
The largest negative monthly impact on the BCI came from the US dollar price of platinum and gold, manufacturing output, and share prices.
Downing says investor confidence needs urgent attention.
A major issue is investor confidence - people that create assets in the economy - is not increasing at all at the moment. We are well below levels of capital needed to keep the economy growing. That's a major concern that we must pay attention to," he said.