South African business confidence surged to its highest level since 2011 in November, boosted by a tourism boom.
A measure of sentiment compiled by the South African Chamber of Commerce and Industry rose to 132.3 in November from 123.8 in the previous month.
“By far the most positive short-term impact on business sentiment in November came from the substantial increase of overseas tourists,” the business lobby group said in a statement on Thursday.
The release adds to other positive data suggesting that Africa’s largest…
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