FAQ Calendar Search Today's Posts Mark Forums Read
Go Back   BizForums > Africa > Southern Africa
Home Viewpoints and Forecasting Forums UK Ireland South Africa
Southern Africa South Africa specific news feed

Business confidence rises in July

Thread Tools Display Modes
Old 08-05-2015, 12:39 PM   #1
newsroom's Avatar
Join Date: Jun 2008
Posts: 1,155
newsroom is on a distinguished road
Safe Business confidence rises in July

South Africa’s business confidence rose by 3.3 index points to 87.9 in July, said the South African Chamber of Commerce and Industry (SACCI) on Wednesday.

“The Sacci Business Confidence Index (BCI) picked up by 3.3 index points to 87.9 in July 2015 after shedding 2.3 index points in June 2015,” it said.

Although the BCI bounced up in July, it did not recover to above the medium-term downward trend of business confidence. Month-on-month changes in the sub-indices of the BCI were more positive in July 2015 than in June 2015.

According to the chamber, the uninspiring comparative year-on-year business mood did not change for the better in July 2015.

Four of the six financial sub-indices were negative, one unchanged and one was positive in July year-on-year. Lower inflation, excluding petrol, food and non-alcoholic beverages, had a positive on the BCI in July 2015.

Five of the real activity sub-indices were negative and two were positive.

“Sacci is concerned that the present low domestic economic growth rate is not merely the consequence of cyclical or other short-term factors, but has deeper underlying problems. There is an urgent need for persistent higher economic growth without which South Africa’s economic problems cannot be alleviated,” it explained.

The chamber said that present circumstances provide an opportunity to change direction towards a more normative acceptable policy approach serving longer-term economic growth imperatives.

“In noticing such change, business confidence could turn for the better,” it said. –
newsroom is offline   Reply With Quote

Go Back  BizForums > Africa > Southern Africa

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

All times are GMT. The time now is 05:35 PM.

Powered by vBulletin®
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
© 2008 - 2015 TheBizSense All Rights Reserved