SA Business Confidence Dips in September

The iconic Johannesburg's Hillbrow Tower is seen as the sun sets, in Johannesburg, South Africa, October 18, 2023.

South Africa's business confidence fell to 134.3 in September from 135.1 in August, driven by renewed oil price volatility. The dip reflects margin pressures from operating expenses, though the reading remains elevated compared to last year. Investors are tracking how sustained energy costs will impact corporate profitability through the fourth quarter.

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