SA's business confidence down for April

Confidence among businesses remained low last month due to increasing prices, regional political uncertainty and volatility in the global economy.

The South African Chamber of Commerce and Industry (SACCI) says the business confidence index for April dipped to 93.4 after measuring 93.9 in March.

SACCI economist Richard Downing says April's lower confidence among businesses should not cause panic in the economy. Of the 13 sub-indices used to measure the confidence index, the ones with a negative impact included liquidations, exports and precious metal prices.