Business confidence lifts but interest rates take toll, Sacci shows
The number reflects the positive effect overseas tourism and merchandise import and export volumes had
12 October 2022 - 12:39
Business confidence for August remained resilient and at higher levels than before the Covid-19 pandemic and the imposition of local and global economic lockdowns, the SA Chamber of Commerce and Industry (Sacci) said.
The chamber released its business confidence index (BCI) on Wednesday, which showed that confidence levels increased by 5.3 index points in August, reflecting the positive effect that overseas tourism, as well as merchandise import and export volumes, had had on the country’s business confidence in that period...
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