https://www.engineeringnews.co.za
Business|Environment
Business|Environment
business|environment

SA business confidence flat amid little real economic progress – Sacci

6th February 2019

By: African News Agency

  

Font size: - +

Confidence among South African businesses remained virtually unchanged in January compared to December as the optimism that greeted President Cyril Ramaphosa's inauguration a year ago continues to wane, a survey showed on Wednesday.

The South African Chamber of Commerce and Industry's (Sacci's) business confidence index (BCI) was little changed at 95.1 in January from 95.2 in December, but was down 4.6 index points on a year-on-year basis.

"The BCI continued to level out and move sluggishly during 2018 as there was little real progress in economic performance with recessionary conditions being experienced during two quarters of the year," Sacci said.

"Further attention was drawn to the extent of redress necessary to address the prevalence of maladministration and corrupt practices that impacted negatively on the economy and the business environment."

It said the realism of challenges facing the economy "has clearly emerged while the ability of the economy to adhere to expectations are more sobering" and added that investor confidence remained the panacea to higher growth in 2019 and beyond.

"Dealing effectively with institutions and individuals involved with adverse business practices in the public domain becomes an important element for restoring confidence," Sacci said.

Edited by African News Agency

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Environmental Assurance (Pty) Ltd.
Environmental Assurance (Pty) Ltd.

ENVASS is a customer and solutions-driven environmental consultancy with established divisions, serviced by highly qualified and experienced...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.115 0.171s - 165pq - 4rq
Subscribe Now