Business confidence languishes as SA faces difficult fiscal position
Confidence levels appear to have hit a plateau, when policymakers have ‘little manoeuvring space’ to set the economy on course, says Sacci
07 November 2019 - 11:46
Business confidence, measured by the SA Chamber of Commerce and Industry (Sacci), registered a small month-on-month decline in October, driven by lower imports and exports, rand depreciation and load-shedding.
The Sacci business confidence index (BCI) measured 91.7 in October down 0.7 points from September’s reading. The index remains down 4.1 points on October 2018’s reading of 95.8...
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