South African Business Mood Slips to Year Low as Tariffs Bite

South African business sentiment fell to the lowest level in a year, as firms began navigating a new era of US tariffs that kicked in last month.

A quarterly business confidence index compiled by FirstRand Ltd.’s Rand Merchant Bank and Stellenbosch University’s Bureau for Economic Research dropped 1 point to 39 in the three months through June, according to a report published on Wednesday.