http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.18Change: 0.06
R/$ = 10.52Change: 0.05
Au 1307.35 $/ozChange: 0.00
Pt 1482.50 $/ozChange: -1.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Jul 11, 2012

Business confidence improves marginally

Back
Sacci
sacci
© Reuse this



After registering a ten-year low in May, business confidence improved last month, but the South African Chamber of Commerce and Industry (Sacci), which compiles the business confidence index (BCI), said confidence might still be tested, given the uncertain global economic outlook and domestic sociopolitical and socioeconomic issues.

The BCI improved by 2.1 points from the ten-year low of 92.8 in May to 94.9 in June, but remained 7.5 points below the June 2011 level.

In the first half of 2011, the BCI averaged 102.6, although this average weakened to 98.3 in the second half of 2011 and to 95.7 in the first half of 2012.

“Although business confidence has strayed from its downward trend originating in March 2012, the promotion of a domestic environment that is nurturing to the supply side of the economy could provide a more lasting directional change in business confidence,” Sacci stated.

It said that market-driven private sector fixed investment from both local and foreign investors remained vital and that policy development should especially nuture foreign investors that had already ventured into the South African economy.

The BCI decline in May was followed by notable improvements in the subindices in June, Sacci stated. While only two of the thirteen subindices of the BCI were positive on a month-on-month basis in May, eight subindices turned positive with one remaining unchanged in June. The majority of the subindices in both the financial and real-economy divisions of the BCI were positive in June.

The year-on-year comparisons of the subindices was less convincing where five of the thirteen subindices improved in June 2012 and one remained unchanged. The financial environment was less supportive of a positive business mood than a year ago while there were signs that the real-economy environment might have consolidated.
 

Edited by: Mariaan Webb
© Reuse this Comment Guidelines
 
 
 
 
 
 
 
 
Other Economy News
Defence Minister Nosiviwe Mapisa-Nqakula
Updated 58 minutes ago In her budget speech to Parliament in Cape Town on Wednesday, Defence and Military Veterans Minister Nosiviwe Mapisa-Nqakula has reported progress in the institutionalisation of the relationship between the Department of Defence (DoD) and the local defence industry....
President Jacob Zuma
Updated 2 hours 23 minutes ago President Jacob Zuma says South Africa is making progress in the fight against corruption, as evidenced by the Special Investigations Unit (SIU) probes he has authorised in the last five years. Between 2009 and 2014, the President signed 36 proclamations with five...
Updated 3 hours ago After indicating for several years its intention to develop a local minerals beneficiation industry, government has announced that it will, this year, develop a Minerals Beneficiation Action Plan as a component of the Industrial Policy Action Plan. Addressing...
More
 
 
Latest News
Defence Minister Nosiviwe Mapisa-Nqakula
Updated 1 hour 3 minutes ago In her budget speech to Parliament in Cape Town on Wednesday, Defence and Military Veterans Minister Nosiviwe Mapisa-Nqakula has reported progress in the institutionalisation of the relationship between the Department of Defence (DoD) and the local defence industry....
Small Business Development Minister Lindiwe Zulu
Updated 1 hour 33 minutes ago Acknowledging that the newly formed Department of Small Business Development (DSBD) remained in the “process of configuration”, Small Business Development Minister Lindiwe Zulu assured Parliament on Tuesday that the department remained conscious of the need to...
Updated 2 hours 8 minutes ago Combined Motor Holdings (CMH), the JSE-listed importer and distributor of MG and Maxus vehicles, has announced a number of structural changes for the brands in Africa. MG and Maxus are sold locally through Mandarin Motors.
More
 
 
Recent Research Reports
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
Real Economy Insight: Steel 2014 (PDF Report)
This four-page brief covers key developments in the steel industry over the past 12 months. It provides an overview of the global and South African steel and stainless steel markets, South Africa’s major steel producers and events that have shaped these markets.
 
 
 
 
 
This Week's Magazine
Local aerospace company Denel Aerostructures (DAe), part of the State-owned Denel Group, has won a fourth contract to manufacture parts for the Airbus A400M military air transport and air-to-air refuelling aircraft. The new contract, which was won in an international...
Bob Skinstad
Although CEO Mark McChlery and chief marketing officer Bob Skinstad likened themselves to children in a playground when taking on the task of “reengineering and repositioning” the Seartec brand, the “young, dynamic and enthusiastic guys” were like proud...
An increasing number of buyers, in both the new and used car markets, are opting for finance structures that lower their monthly repayments, says asset financing company WesBank. These include the use of large balloon payments (also known as residuals), as well as...
Tertiary education institutions can use search engine giant Google’s Chromebook to provide secure mobile end-point devices for students on which they can share documents, work collaboratively on documents and access education materials and applications being used...
Local ceiling and partition company Abbeycon has beaten global competition at the Saint-Gobain Gypsum International Trophy competition, which was held last month in Berlin, Germany.
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks