{"id":13264,"date":"2012-08-07T14:13:22","date_gmt":"2012-08-07T12:13:22","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/s-africa-business-confidence-plunges-to-12-year-low\/"},"modified":"2012-08-07T14:13:22","modified_gmt":"2012-08-07T12:13:22","slug":"s-africa-business-confidence-plunges-to-12-year-low","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-business-confidence-plunges-to-12-year-low\/","title":{"rendered":"S.Africa business confidence plunges to 12-year low"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Aug 7 (Reuters) &#8211; South Africa&#8217;s business<br \/>\nconfidence fell to its lowest in twelve years in July as<br \/>\nsentiment continues to be hammered by the weak global and<br \/>\ndomestic economic environments, a survey showed on Tuesday.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>The Business Confidence Index (BCI) dropped four points to<br \/>\n90.9 in July after posting a recovery in June, the South African<br \/>\nChamber of Commerce and Industry (SACCI) said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The latest move in the BCI indicates that business<br \/>\nconfidence remains highly fragile and unpredictable,&#8221; it said.<\/p>\n<p><span><\/span><\/p>\n<p>SACCI said the sub-indices in the real economy were largely<br \/>\nnegative on a month-on-month basis and the business grouping was<br \/>\nconcerned about the slowdown of global economic growth and lower<br \/>\ngrowth forecasts for South Africa.<\/p>\n<p><span><\/span><\/p>\n<p>The central bank cut its growth forecast for 2012 to 2.7<br \/>\npercent from 2.9 percent last month and the finance minister has<br \/>\nsaid growth will likely come in below 2.7 percent.<\/p>\n<p><span><\/span><\/p>\n<p>(Reporting by Xola Potelwa; Editing by Ed Stoddard)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JOHANNESBURG Aug 7 (Reuters) &#8211; South Africa&#8217;s business confidence fell to its lowest in twelve years in July as sentiment continues to be hammered by the weak global and domestic economic environments, a survey showed on Tuesday. The Business Confidence Index (BCI) dropped four points to 90.9 in July after posting a recovery in June, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-13264","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=13264"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13264\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}