Sacci business confidence index rises for first time in five months
The chamber of commerce says greater policy certainty could ensure the improvement continues
Business confidence has experienced a much-needed boost for the first time in six months. Business confidence is a key driver for economic growth. Unless businesses are more optimistic about SA’s prospects, the country is unlikely to see stronger growth. The South African Chamber of Commerce and Industry (Sacci) announced on Wednesday that its monthly business confidence index (BCI) had risen in July, the first positive movement since January. “Although there are still major economic challenges facing SA, it appears the downward trend in the business climate since February 2018 has lost its momentum and confidence could turn more positive,” Sacci said. “This mainly depends on the removal of economic policy uncertainties and the nurturing of all global relations for the benefit of SA and all its people.” However, analysts say policy certainty will probably only happen following the election in 2019. This is despite the government assuring there will be certainty around land reform an...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.