December conference lifts SA’s business mood
Sacci says the business confidence index showed an increase in December due to the expectation of greater policy certainty
The political developments in December have vastly improved the business mood, according to the South African Chamber of Commerce and Industry (Sacci). The business confidence index (BCI) increased by 1.3 index points in December 2017 to 96.4 following on the improved business mood in November 2017, which increased to 95.1 from 92.9 in October. Sacci said in a statement released on Wednesday: "The anticipation for more policy certainty and sustainable-growth-orientated domestic economic policy, global economic growth, and a probable fresh approach towards business and investor challenges should further augment the business mood." During the ANC elective conference in December, Cyril Ramaphosa who is perceived as business friendly was elected president of the ruling party. Four of the 13 subindices had positive month-on-month changes, five moved sideways and four were negative. Five of the seven real economic subindices had either neutral or positive month-on-month changes, implying...
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