SA business confidence stuck at a 2 year low

Business confidence is stuck at a two-year low. The RMB/ BER Business Confidence Index has flatlined at 28 points during the second quarter. Building, retail and wholesale trade businesses registered an improvement in sentiment while the confidence of manufacturers' and motor trade companies dimmed.

To find out if the index is simply a depiction of an economy stuck in a rut Business Day TV caught up with RMB Chief Economist Ettienne le Roux for a closer look at the detail.