Sas business confidence index
Kganyago: Consumer index improving despite economic conditions
But on the other hand, Sarb Governor Lesetja Kganyago says business confidence needs to improve.
Since SA emerged from the 2009 recession, growth has fallen short of the government’s target of 5%, the level economists say is needed to curb unemployment.
The South African Chamber of Commerce and Industry attributes an increase in confidence to a stronger rand and improved vehicle sales, among other factors.
The Business Confidence Index shows a sharp drop in business confidence to levels not seen since 2009.
Confidence was lifted by a firmer rand and improvements in export volumes and retails sales.
The South African Chamber of Commerce and Industry released the business confidence index today.
The Business Confidence Index slipped to 79.6 index points in December, its lowest in 23 years.
The SA Chamber of Commerce and Industry released its monthly confidence index yesterday.
The Business Confidence Index (BCI) rose marginally to 80 from 79.6 in December.
Sacci's chairperson has warned the impact of new regulatory proposals on potential investors.
Bruce Whitfield says South Africa is headed down a slippery slope of economic self-destruction.
The Business Confidence Index fell to 84.3 in August, retracting to an even lower level than in June.
The country’s figures fell 2,3 index points this month to a more than 16-year low.