BCI shows business confidence increased in September
The Sacci business confidence index rose by 2.8 points to 93.3 in September from August
Business confidence is expected to rise as the government provides greater clarity on policy issues, according to a recent survey. The South African Chamber of Commerce and Industry (Sacci) business confidence index (BCI), which assesses the business climate, rose by 2.8 points to 93.3 in September 2018, from 90.5 in August. The BCI declined by 4.2 points in August 2018 month-on-month. Compared to the same period last year, the index was 0.3 points higher. “The present business climate and restrained economic momentum, originate from the economic and business environment over the past three years. It is important that these adverse conditions are dealt with in preparation [for] sustainable economic prospects with policy certainty,” Sacci said in a statement. Four of the 13 sub-indices of the composite BCI improved in September 2018, compared to August, while five were unchanged and four were negative. In particular, merchandise export volumes, new vehicle sales and lower inflation w...
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