South Africa's SACCI business confidence index fell to 93.2 in July of 2021 from 96.2 in June and pulling away from a more than three-year high of 97 in May. It was the lowest reading since last October, reflecting the negative impact of several days of civil unrest in some parts of the country. "The spate of looting and destruction during July in certain areas of South Africa, whatever the intention, was a setback to inclusivity, growth and job creation," SACCI said. source: South African Chamber of Commerce and Industry (SACCI)

Coincident Index in South Africa averaged 107.68 points from 1985 until 2021, 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 September of 2021.

Coincident Index in South Africa is expected to be 97.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa SACCI Business Confidence Index is projected to trend around 95.00 points in 2022 and 93.00 points in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
South Africa SACCI Business Confidence Index

Actual Previous Highest Lowest Dates Unit Frequency
93.20 96.20 141.17 70.10 1985 - 2021 points Monthly
2015=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-06-09 09:30 AM Apr 94.7 94 96
2021-06-09 09:30 AM May 97 94.7 98
2021-08-11 09:30 AM Jun 96.2 97 96
2021-08-11 09:30 AM Jul 93.2 96.2 90
2021-09-22 09:30 AM Aug 93.2 95
2021-10-08 09:30 AM Sep 97
2021-11-18 09:30 AM Oct
2021-12-08 09:30 AM Nov


News Stream
South Africa SACCI Business Morale Dips to 9-Month Low
South Africa's SACCI business confidence index fell to 93.2 in July of 2021 from 96.2 in June and pulling away from a more than three-year high of 97 in May. It was the lowest reading since last October, reflecting the negative impact of several days of civil unrest in some parts of the country. "The spate of looting and destruction during July in certain areas of South Africa, whatever the intention, was a setback to inclusivity, growth and job creation," SACCI said.
2021-08-11
South Africa SACCI Business Morale at Over 3-Year High
South Africa's SACCI business confidence index rose to 97 in May of 2021 from 94.7 in the previous month, reaching its highest level since March of 2018, mainly attributed to higher export volumes and manufacturing. "The BCI points towards an improving business climate. This can however mainly be ascribed to an improved trade balance that positively affected the rand exchange rate which in turn took pressure off cost-push inflationary pressures," SACCI said.
2021-06-09
South Africa SACCI Business Sentiment at 4-Month Low
South Africa's SACCI business confidence index dropped to 94 in March of 2021 from 94.1 in the previous month and after reaching a two-year high in January. It was the lowest reading since last November, amid uncertainty over the country's recovery due to the threat of a third wave of Covid-19. "It is important for South African authorities to address policy certainty, structural impediments and low investment ratings that are still preventing the economy from breaking through the present impasse,” SACCI said.
2021-04-07
South Africa SACCI Business Morale at 2-Year High
South Africa's SACCI business confidence index rose to 94.5 in January of 2020 from 94.3 in the previous month. It was the highest reading since January of 2019, despite the reintroduction of adjusted lockdown level 3 in late December. The main positive contributions came from increased merchandise import volumes and retail trade. Conversely, declines were seen in merchandise export volumes and vehicle sales. “South Africa finds itself in a fiscal logjam and therefore it has become essential for the government to prioritize economic restoration while addressing the health hazard posed by the pandemic", Sacci said. In 2020, average business confidence declined to 86.5 from 92.6 in 2019, reaching its lowest level since 1985, when the United Nations Security Council called on members to introduce more far-reaching economic sanctions against South Africa over its apartheid policies.
2021-02-10

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.