Bureau for economic research
Business executives' confidence in SA environment remains low
The data contained in the Business Confidence Index is a great indication of the economy’s future trajectory.
South Africa’s consumer confidence has been subdued for the longest streak since the early 1980s.
The Business Confidence Index shows a sharp drop in business confidence to levels not seen since 2009.
The index compiled by the Bureau for Economic Research fell to 29 points in the second quarter - that's down from 40 points in the first quarter.
The BER says GDP growth will pick up in 2014 and beyond, but constraints remain.
The textile and furniture sectors have particularly been affected, the study found.
WC local government said on Friday the regional economy is becoming less dependent on exports to Europe.
The Western Cape economy has created 5,000 jobs in the first three months of 2012.