Uncertainty over lockdown punches business confidence to 35-year lows
Though SA entered a marginally less restricted lockdown at the beginning of May, the effects on the economy are still expected to be deep
07 May 2020 - 14:01
Business confidence fell to the lowest levels ever recorded during April as the cumulative effects of the coronavirus lockdown, ratings downgrades and an overstretched fiscus took hold in an economy already confronting recession.
The SA Chamber of Commerce and Industry Business Confidence Index (Sacci BCI) fell to 77.8 in April from 89.9- its lowest level since the index’s inception in 1985 and its second sharpest month-on-month decline on record, according to the chamber. ..
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.