Platinum Strikes Spread, Business Confidence Drops

Bloomberg reported South African business confidence dropped in September from a five-month high as strikes that began at platinum mines spread to the transportation industry.

As quoted in the market news:

The business confidence index fell to 91.7 from 95 in August, the Johannesburg-based South African Chamber of Commerce and Industry said in an e-mailed statement today. The index is compiled from 13 economic indicators, including retail sales, inflation and financial gauges, such as a stock-market index and currency.

Click here to read the full Bloomberg report.

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