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South Africa business confidence falls for third straight quarter: survey

Miners work deep underground at Sibanye Gold's Masimthembe shaft in Westonaria, South Africa. [Photo: Reuters]

South African business confidence fell for the third straight quarter, a survey showed on Tuesday, as country struggles to grow in a recession-bound economy.

The Rand Merchant Bank (RMB) business confidence index compiled by the Bureau for Economic Research fell to 31 points in the fourth quarter from 34 points in the third, dropping further below the 50-mark that separates net positive and negative readings.

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