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.

Coincident Index in South Africa averaged 108.31 points from 1985 until 2020, reaching an all time high of 141.17 points in December of 2006 and a record low of 77.80 points in April 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 June of 2020. source: South African Chamber of Commerce and Industry (SACCI)

Coincident Index in South Africa is expected to be 72.00 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 90.70 in 12 months time. In the long-term, the South Africa SACCI Business Confidence Index is projected to trend around 91.70 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
77.80 89.90 141.17 77.80 1985 - 2020 points Monthly
2015=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-06 09:30 AM Jan 92.2 93.1 92.8
2020-03-05 09:30 AM Feb 92.7 92.2 92
2020-04-08 09:30 AM Mar 89.9 92.7 90
2020-05-07 09:30 AM Apr 77.8 89.9 89.2
2020-06-08 09:30 AM May 77.8 83
2020-07-03 09:30 AM Jun 72
2020-08-07 09:30 AM Jul
2020-09-07 09:30 AM Aug


News Stream
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 Improves Slightly
The South Africa's SACCI business confidence index edged up to 92.7 in February of 2020 from 92.2 in January, amid lower inflation and increases in both merchandise export volumes and new vehicle sales. In contrast, the main negative contributions came from lower merchandise import volumes, retail sales and the rand exchange rate. Sacci pointed out that the outbreak and spread of coronavirus which had a significant impact on global financial and commodity markets, was not yet reflected in the country's February data. "It has become imperative that declining and low levels of business confidence and a non-inspiring environment for fixed investment and slow economic growth call for bold and decisive economic policy decisions," the SA Chamber of Commerce and Industry said.
2020-03-05
South Africa SACCI Business Confidence Falls in January
The South Africa's SACCI business confidence index declined to 92.2 in January of 2020 from 93.1 in December 2019 which was the highest reading in six months. 13 sub-indices improved, 5 were negative and 2 were unchanged. The fall in the confidence index is partially due to a slide in the rand as the coronavirus outbreak hit emerging market currencies.
2020-02-06

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.