Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Business confidence rises in July
#1
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. – SAnews.gov.za
Reply


Possibly Related Threads...
Thread Author Replies Views Last Post
  Business opportunities abound for SA, Moz newsroom 0 10,379 23-10-2015, 10:28 AM
Last Post: newsroom
  SA business delegation in India newsroom 0 9,044 24-02-2015, 10:18 AM
Last Post: newsroom
  SA open to business, investment newsroom 0 8,073 22-01-2015, 01:29 PM
Last Post: newsroom
  Trade activity in negative territory in July newsroom 0 8,452 15-08-2014, 03:06 PM
Last Post: newsroom
  Business to showcase SA in Thailand newsroom 0 7,453 28-07-2014, 08:56 AM
Last Post: newsroom
  CPI rises to 6.1 percent in April newsroom 0 7,300 21-05-2014, 04:22 PM
Last Post: newsroom
  Business confidence dips in April newsroom 0 8,021 14-05-2014, 03:13 PM
Last Post: newsroom
  SA, Saudi Arabia explore business opportunities newsroom 0 7,130 18-03-2014, 03:08 PM
Last Post: newsroom
  Business welcomes SONA 2014 newsroom 0 7,145 14-02-2014, 10:47 AM
Last Post: newsroom
  Business boom ahead of SONA newsroom 0 7,388 13-02-2014, 04:52 PM
Last Post: newsroom

Forum Jump:


Users browsing this thread: 1 Guest(s)