13 Jun Business confidence retreats Q2

The second quarter RMB/BER Business Confidence Index has fallen by 6-points to 39 after an 11-point 'Ramaphoria' surge in the first quarter. This as the reality of subdued economic activity kicks in, business activity is worsening in some sectors, policy uncertainty around the country's land question persists, oil prices are on the rise and the global economic uptick is waning but despite this, RMB maintains that the trend in business confidence remains upwards even if it's just tentative. Isaah Mhlanga, Economist at RMB joined us to discuss the index and its expectations in greater detail.
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