JOHANNESBURG (Reuters) – South African business confidence fell further in March, with power blackouts, rising interest rates and lower share prices on the Johannesburg bourse among factors weighing on sentiment, data showed on Tuesday.
The South African Chamber of Commerce and Industry (SACCI) business confidence index dropped to 111.3 in March from 111.9 in February.
SACCI said in a statement that the lagged and knock-on effects of electricity constraints on the economy and business confidence were of major concern.
(Reporting by Alexander Winning; Editing by Olivia Kumwenda-Mtambo)
