Expectation of policy change after December lifts business confidence, says Sacci
Sacci says the expectation of changes in domestic economic policy and the performance of the global economy have enhanced the business mood
Business confidence is improving ahead of the ANC elective conference in December, according to the South African Chamber of Commerce and Industry (Sacci)The Business Confidence Index (BCI) measured 95.1 points in November 2017, up from 92.9 in October. It increased by 1.2 index points compared with the same period a year ago.Sacci said in a statement released on Wednesday: "The anticipation for changes in domestic economic policy, the performance of the global economy and a probable fresh approach towards business and investor expectations in Southern Africa further enhance the business mood. "It cautioned: "However, public finance matters and economic growth prospects are important phenomena that have to be attended to urgently."The average for the BCI in the first 10 months of 2017 was 94.1 compared with 93.4 for the corresponding period of 2016, and 101.2 for the first 10 months of 2015.Four of the 13 sub-indices of the BCI reflected positive month-on-month movements in the busi...
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