The rand extended gains on Wednesday afternoon, appearing to  ignore trade-war jitters as the SA Chamber of Commerce and Industry’s (Sacci) business confidence index (BCI) improved to its highest level in three months. 

The BCI rose to 92.4 points in September from a 34 year-low of 89.1 in August. The latest figure was above Bloomberg’s median forecast of 89. ..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now