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Business confidence: No reason for optimism

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Cape Town - About two thirds of the 1 750 respondents surveyed in the RMB/BER Business Confidence Index (BCI) remained unsatisfied with business conditions early in the year.

This means latest RMB/BER BCI was unchanged at 36 in the first quarter of 2016. This is no reason for optimism, according to RMB.

"Essentially the latest survey results would seem to suggest that the 'stagflationary' trend of last year is intensifying," said Ettienne Le Roux, chief economist at RMB.

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