Business confidence slips in March, but tourism a bright spot
Load-shedding, higher interest rates and JSE volatility push down business confidence index
18 April 2023 - 13:54
Business confidence in SA slipped in March as the energy supply shortfall, higher interest rates and the volatile share market dented sentiment, the survey conducted by the SA Business Chamber of Commerce and Industry (Sacci) showed on Tuesday.
The business confidence index (BCI) declined by 0.6 index points to 111.3 in March versus 111.9 recorded in February. The reading is fairly consistent with other economic indicators pointing to the crippling effect of electricity rationing on businesses...
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.