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South African Business Confidence Declines Following Looting, Riots and Port Disruptions

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  • The RMB/BER index declines to 43 in third quarter from 50

  • Sentiment slump seen as temporary setback in cyclical recovery

Looters in Lotsoho Mall in Johannesburg, on July 12.

Photographer: Phill Magakoe/AFP/Getty Images

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South African business confidence slumped in the third quarter as deadly riots, looting and arson disrupted supply chains and restricted economic activity.

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