Business confidence up in February, but not by much
Business confidence has languished close to record lows with the economy growing just 0.2% — its lowest level since the global financial crisis
Despite a minor uptick in business confidence in February, sentiment among firms hovered at depressed levels as SA economy continues to struggle to grow.
Sentiment among business as measured by the SA Chamber of Commerce and Industry (Sacci) business confidence index (BCI) rose marginally in February to 92.7. The monthly reading, however, hovers just 0.1 index points above the average for 2019, which was the BCI’s lowest annual level since the survey began more than three decades ago. ..