Business confidence resumes downward spiral in July

The South African Chamber of Commerce and Industry has added its voice to the call on government to get a handle on SOEs urgently, arguing that appointments are key in this regard. This commentary comes on the back of the Business Confidence Index resuming its downward spiral in July, falling to 92 points from 93.3 pointing to a further lack of confidence in President Ramaphosa's ability to turn this economy around. Business Day TV caught up with Interim CEO of Business Unity SA Cas Coovadia for a broader reflection on the country's business confidence climate.