SA’s business confidence firmed further in January, after making gains in December. The South African Chamber of Commerce and Industry’s (Sacci’s) business confidence index rose 3.9 points to 97.7 in January from 93.8 in December. The BCI was also higher than a year ago, rising 5.1 points from 92.6 in January 2016. The January reading marked the largest positive month-on-month change in the BCI since February 2015, when it rose 4.1 points, and the biggest year-on-year increase since May 2011. Sacci said the BCI had recovered in October, November and December, and this recovery had accelerated in January 2017 — pointing to a normalisation of the business climate in SA despite uncertain local and global economic and political conditions. The chamber said the index suggested improved prospects for business in 2017 after a challenging and turbulent 2016. "If these conditions could continue to carry the day, then the momentum gained in business confidence could accelerate and create the ...
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