In light of the impact of the lockdown on the business climate and economic activity, the private sector has shown resilience and tenacity with a substantial number of businesses managing to survive the adverse climate. This is according to the SA Chamber of Commerce and Industry (SACCI).
The SACCI Business Confidence Index (BCI) declined by 0.9 index points to 92.2 in January 2020 and was 2.9 index points lower than in January 2019. The 93.1 of December 2019 was the highest BCI level since the 93.3 of June 2019 and the latest figures suggest that business confidence still finds it difficult to gain momentum.
After dropping from 28 in the second quarter to a 20-year low of 21 in the third quarter, the RMB/BER Business Confidence Index (BCI) rose to 26 in the fourth quarter – the first improvement in two years. This outcome reflects the responses of 1800 business executives surveyed during the first three weeks of November.
By Ettienne Le Roux, chief economist at RMB. After surging from 34 to 45 in the first quarter, the RMB/BER Business Confidence Index (BCI) deteriorated to 39 in the second quarter of 2018. This means that close to three fifths of respondents now regard prevailing business conditions as unsatisfactory – a disappointing outcome, yet probably...
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