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 SA Chamber of Commerce and Industry (SACCI) says that its BCI measured 94.3 in December 2020 which was 0.9 index point up in November 2020 and 1.2 point higher than in December 2019. A further 0.2 month-on-month increase in January 2021 to 94.5 kept to the slow upward pace.
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.
SACCI released the Business Confidence Index (BCI) for January 2019 at its offices in Illovo, Johannesburg, today. The SACCI Business Confidence Index (BCI) remained virtually unchanged in January 2019 by measuring 95.1 compared to 95.2 in December 2018. Compared to January 2018, however, the BCI was 4.6 index points down from the exceptional level of 99.7...
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