Business confidence improves

Business confidence improved in December according to the South African Chamber of Commerce and Industry’s (Sacci) Business Confidence Index (BCI) which rose by 1.3 index points.

Sacci noted that this growth followed on the improved business mood in November 2017, largely due to political developments taking place in the southern African region.

“The anticipation of more policy certainty and sustainable growth-orientated domestic economic policy, global economic growth, and a probable fresh approach towards business and investor challenges, should further augment the business mood,” said a Sacci spokesperson.

Four of the 13 sub-indices reflected a positive month-on-month impact, with five sub-indices moving sideways and the remaining four negatively impacting December’s BCI which was nearly seven index points better than the lowest level in 2017.

Sacci highlighted improvements in six sub-indices as the reason for the improved year-on-year BCI.

Financial conditions were also more positive in December.

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