South Africa's Q1 business confidence remains at five year lows

JOHANNESBURG (Reuters) - South Africa's business confidence stayed at a five year low in the first quarter of this year, reflecting an overall dissatisfaction with the outlook for the economy, a survey showed on Wednesday. The Rand Merchant Bank (RMB) index, which is compiled by the Bureau for Economic Research, was unchanged at 36, with confidence among manufacturers collapsing to levels last seen during a 2009 recession. "Confidence has been deteriorating across all sectors for some time, and