Ina Opperman
Business Journalist
4 minute read
11 Oct 2021
3:25 pm

Another business confidence survey highlights SA’s decline

Ina Opperman

The South African economy gained positive momentum up to the second quarter of this year, as recent economic data indicated.

Picture: iStock

Another business confidence survey shows a decline, but it is still better than in March 2020, when it measured 89.9 before the Covid-19 pandemic started. According to the South African Chamber of Commerce and Industry's (SACCI's) Business Confidence Index (BCI), the index declined to 91.0 in September 2021. The highest level so far this year was 97.0 in May, while the lowest level since the inception of the BCI was recorded in May 2020 at 70.1. Although the BCI declined over the last four months, the average for the first nine months of 2021 showed a 9.8 index point improvement...