The RMB/BER business confidence index in South Africa rose for the first time in two years to 26 in Q4 2019 after hitting a 20-year low of 21 in the prior period, as sentiment improved among constructors, manufacturers and retailers. Still, confidence remained stuck in negative territory, with the index well below the 3-year high of 44 reached in Q1 2018 when Cyril Ramaphosa took over as president of the country. "At current levels, business confidence remains consistent with an economy bumbling along in near recession-like conditions,” RMB said.
Business Confidence in South Africa averaged 43.43 Index Points from 1975 until 2019, reaching an all time high of 92 Index Points in the third quarter of 1980 and a record low of 12 Index Points in the fourth quarter of 1977. This page provides - South Africa Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Bureau for Economic Research (BER)
Business Confidence in South Africa is expected to be 23.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in South Africa to stand at 20.00 in 12 months time. In the long-term, the South Africa Business Confidence is projected to trend around 22.00 points in 2021 and 25.00 points in 2022, according to our econometric models.