S. African Business Confidence Drops to Pre-Ramaphosa Levels

South African business confidence has declined to levels last seen when Jacob Zuma was still the president.

The index dropped to 96 in April from 97.6 the previous month, the South African Chamber of Commerce and Industry said in an emailed statement Wednesday. That’s the lowest since November. Five of the 13 sub-indexes that make up the gauge declined from month earlier.

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