The South Africa's SACCI business confidence index was 85.7 in September of 2020, little-changed from 85.8 in August and close to pre-pandemic levels, as the further easing of the country's lockdown restrictions boosted manufacturing output, exports and imports. Meanwhile, a sustained decline in retail sales volumes, lower share prices on the JSE and less real credit to the private sector weighed on sentiment. "The country remains in a fragile situation and therefore government should continue to pursue enabling policies and an environment that encourages the business sector to fast-track growth and employment creation", SACCI said. South Africa has moved to Level 1 lockdown restrictions from September 21st, 2020, following a significant decrease in Covid-19 cases. source: South African Chamber of Commerce and Industry (SACCI)

Coincident Index in South Africa averaged 107.99 points from 1985 until 2020, reaching an all time high of 141.17 points in December of 2006 and a record low of 70.10 points in May of 2020. This page provides - South Africa SACCI Business Confidence Index- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa SACCI Business Confidence Index - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.

Coincident Index in South Africa is expected to be 89.70 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Coincident Index in South Africa to stand at 91.30 in 12 months time. In the long-term, the South Africa SACCI Business Confidence Index is projected to trend around 91.00 points in 2021 and 92.00 points in 2022, according to our econometric models.

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South Africa SACCI Business Confidence Index

Actual Previous Highest Lowest Dates Unit Frequency
85.70 85.80 141.17 70.10 1985 - 2020 points Monthly
2015=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-12 09:30 AM SACCI Business Confidence May 70.1 77.8
2020-08-12 09:30 AM SACCI Business Confidence Jun 81.4 70.1
2020-10-07 09:30 AM SACCI Business Confidence Aug 85.8 82.8 83.4
2020-10-07 09:30 AM SACCI Business Confidence Sep 85.7 85.8 90
2020-12-09 09:30 AM SACCI Business Confidence Nov
2020-12-09 09:30 AM SACCI Business Confidence Oct 85.7 88
2021-01-08 09:30 AM SACCI Business Confidence Dec
2021-02-05 09:30 AM SACCI Business Confidence Jan


News Stream
South Africa SACCI Business Morale Little-Changed
The South Africa's SACCI business confidence index was 85.7 in September of 2020, little-changed from 85.8 in August and close to pre-pandemic levels, as the further easing of the country's lockdown restrictions boosted manufacturing output, exports and imports. Meanwhile, a sustained decline in retail sales volumes, lower share prices on the JSE and less real credit to the private sector weighed on sentiment. "The country remains in a fragile situation and therefore government should continue to pursue enabling policies and an environment that encourages the business sector to fast-track growth and employment creation", SACCI said. South Africa has moved to Level 1 lockdown restrictions from September 21st, 2020, following a significant decrease in Covid-19 cases.
2020-10-07
South Africa SACCI Business Morale at 4-Month High
The South Africa's SACCI business confidence index rose to 82.8 in July of 2020 from 81.4 in June and recovering further from a 35-year low in May. It was the highest reading since March, helped by improving global economic activity but remaining well below average due to rising local infections and the slow pace of the economy's reopening.
2020-08-12
South Africa SACCI Business Morale Plunges to Record Low
The South Africa's SACCI business confidence index sank to 77.8 in April of 2020 from 89.9 in March. This was the lowest reading since the series began in January of 1985, reflecting the economic impact of the first month of a strict lockdown which started on March 27 to limit the spread of the coronavirus disease. "Striking negative monthly impacts on the index were caused by the lower volume of merchandise exports, the weaker exchange rate of the rand, and less new vehicles sold – all mainly due to the lockdown,” SACCI said.
2020-05-07
South Africa SACCI Business Morale at 7-Month Low
The South Africa's SACCI business confidence index decreased to 89.9 in March of 2020 from 92.7 in February. This was the lowest reading since August of last year, amid lower sales of new vehicles, a weaker rand exchange rate and lower share prices, mainly reflecting the impact of Covid-19 on the country's trading partners and on the domestic economy. At the end of March, a 21-day nationwide lockdown was imposed to contain the spread of the virus which impacted severely the domestic demand. The chamber said the decline did not yet fully reveal the extent of the coronavirus impact on the economy and the business climate while it expects the extraordinary situation would make it difficult to attend to structural economic matters in the short-term. "The long-term effects are not clear, but all efforts should be put in place not to create fear and panic and to put sound economic policy in place to ensure sustainable economic performance after Covid-19.”, Sacci added.
2020-04-08

South Africa SACCI Business Confidence Index
In South Africa, the SACCI Business Confidence Index reflects the neutral sentiment in the market place, as it captures the prevailing business climate and what businesses are experiencing. The index is composed by thirteen sub-indices, including energy supply, manufacturing, exports, imports, vehicle and retail sales, construction, inflation, share prices, private sector borrowing, financing cost, precious metal prices and exchange rate.