Business confidence declines in May but some Ramaphoria still lingers
Subdued global economic activity has caused SA’s growth momentum to subside, Sacci says
05 June 2019 - 13:00
The SA Chamber of Commerce and Industry (Sacci) business confidence index (BCI) declined to 93.0 points in May from 93.7 in April, one index point below the same period in 2018, as well as below market expectations.
May’s figure is also below the five-month average of 93.4 points, and below the average 95.5 seen throughout the course of 2018, Sacci said in a statement on Wednesday...
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