Business Perceptions Indicate Slow Recovery in Economic Conditions
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In July – September 2012 the business climate index remained
weak at score of 8, having improved from a score
of -18 in the April-June quarter. This implies that the
general business conditions have improved over the last
quarter. Expectations for the next quarter (October-December
2012) are that the business climate will continue
to improve on account of a more stable macroeconomic
environment, improved reliability of electricity supply and
better than expected rains in the July – September quarter.