South African business confidence climbed to a four-month high, signaling a better operating climate, although uncertainty from US President Donald Trump‘s tariffs threatens to reverse the gains.
A measure of sentiment compiled by the South African Chamber of Commerce and Industry rose to 116.7 in July from 113.2 in the previous month.
The index averaged 118.6 in the first six months of the year, 7.7 points higher than a year earlier, Sacci said in a statement on Wednesday.
The improved reading was because of an increase in new-vehicle sales that boosted manufacturing output, as well as lower inflation and ...