SA business confidence down in January

South Africa's Business Confidence Index (BCI) for January has dropped to 93.8 from 94.8 in December.

The January 2008 BCI is the lowest level for the BCI since October 2003.

SA Chamber of Commerce and Industry says this is due to precious metal prices, data on retail and vehicle sales and lower real financing costs.

The shortage of electricity has also caused severe threat to the production capacity for goods and services.