South Africa's business confidence falls to 89.1 in March

April 9, 2015 9:38 AM

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JOHANNESBURG, April 9 (Reuters) - South Africa's business confidence index fell to a 3-month low of 89.1 in March from 92.8 in February, with the investment mood soured by the threat of labour stoppages and uncertainty over property right laws, a survey showed on Thursday.

"The continuous labour pressures for further strikes and work stoppages is causing uncertainty amongst business and withholding investment decisions," the South African Chamber of Commerce and Industry (SACCI) said referring to the survey.

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