Business seemingly weathering political storms – Sacci
Although some subindices in the South Africa Chamber of Commerce and Industry’s (Sacci’s) April Business Confidence Index (BCI) instantly reacted to President Jacob Zuma’s recent Cabinet reshuffle, the index still improved by 1.1 index points to 94.9 in April from 93.8 in March.
The BCI was also only 0.6 index points lower than in April 2016, as less merchandise import volumes, higher energy costs and lower share prices than a year ago, in particular, contributed to the less favourable business climate.
Sacci noted that positive developments in the economy, therefore, still informed the business climate in April and were vibrant enough to carry the positive business climate forward.
“The positive month-on-month change in five of the 13 subindices of the BCI lifted the index, although four of the five subindices reflected positive business conditions prior to April,” it said.
Further, three of the seven real activity subindices were positive, while four of the six financial subindices either improved or remained unchanged.
“South Africa’s biggest challenge is to enhance a business environment where a larger part of the economically active population could add value in support of more employment. The challenge for growth starts with fixed investment and foreign direct investment to augment South Africa’s dismal savings rate and, thus, business and investor confidence are essential,” it stated.
Sacci stated that the management of investor and business sensitivities was of the “utmost importance”, as it could adversely influence South Africa’s risk profile in local and international financial markets and as a fixed investment destination.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.
VISIT SHOWROOM
At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
