South African business confidence declines, owing largely to the Middle Eastern conflict [SOUND]

# The South African Chamber of Commerce and Industry’s Business Confidence Index declined slightly by 1.8 index points to 131.4 in January, but recorded a better level of 134.6 in February. Last month, the BCI lost 3.3 index points to measure 131.3. SACCI CEO, Alan Mukoki, ascribes the decline mainly to the weaker rand, lower JSE share prices and lower global precious metal prices due to the Middle Eastern conflict: