JOHANNESBURG (Reuters) - Business confidence in South Africa rose in the last month of 2012, but registered a lower print year-on-year as confidence in Africa's economic powerhouse was eroded by labour unrest, a survey showed on Wednesday.
The Business Confidence Index (BCI) rose to 93 in December from 91.7 in November, the South African Chamber of Commerce and Industry (SACCI) said, adding that the fourth quarter of 2012 was the weakest of the whole year.
SACCI said there were signs of possible recovery seen towards the end of the year in areas such as bank lending, new vehicle sales and export volumes.
"The promise of improvements in confidence will only realize if the threats of continued labour protest activity, already revealed in the early days of 2013, are dealt with decisively," SACCI said.
South African police fired rubber bullets to disperse hundreds of striking farm workers in the western province on Wednesday, the first clash of a year that looks set to be dominated by fractious labour relations.
The Business Confidence Index (BCI) rose to 93 in December from 91.7 in November, the South African Chamber of Commerce and Industry (SACCI) said, adding that the fourth quarter of 2012 was the weakest of the whole year.
SACCI said there were signs of possible recovery seen towards the end of the year in areas such as bank lending, new vehicle sales and export volumes.
"The promise of improvements in confidence will only realize if the threats of continued labour protest activity, already revealed in the early days of 2013, are dealt with decisively," SACCI said.
South African police fired rubber bullets to disperse hundreds of striking farm workers in the western province on Wednesday, the first clash of a year that looks set to be dominated by fractious labour relations.
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