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. source: South African Chamber of Commerce and Industry (SACCI)

Coincident Index in South Africa averaged 107.86 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 February of 2021.

Coincident Index in South Africa is expected to be 90.00 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 92.00 in 12 months time. In the long-term, the South Africa SACCI Business Confidence Index is projected to trend around 92.50 points in 2022, 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.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
South Africa SACCI Business Confidence Index

Actual Previous Highest Lowest Dates Unit Frequency
94.50 94.30 141.17 70.10 1985 - 2021 points Monthly
2015=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-12-09 09:30 AM SACCI Business Confidence Oct 92 85.7 88
2020-12-09 09:30 AM SACCI Business Confidence Nov 93.4 92 86.7
2021-02-10 09:30 AM SACCI Business Confidence Dec 94.3 93.4 94
2021-02-10 09:30 AM SACCI Business Confidence Jan 94.5 94.3 93.6
2021-03-08 09:30 AM SACCI Business Confidence Feb 94.5
2021-04-08 09:30 AM SACCI Business Confidence Mar
2021-05-07 09:30 AM SACCI Business Confidence Apr
2021-06-08 09:30 AM SACCI Business Confidence May
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
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 Morale at Over 1-1/2-Year High
South Africa's SACCI business confidence index rose to 93.4 in November of 2020 from 92 in October and above pre-pandemic levels. It was the highest reading since April last year, driven by low inflation and the resumption of trade, amid the easing of the coronavirus lockdown restrictions. Still, confidence remains plagued by poor economic performance, high unemployment, and the government's rapidly rising debt levels, SACCI said. The chamber also believes South Africa needs policy decisions that restore foreign and local investor confidence, economic growth, and employment creation.
2020-12-09
South Africa SACCI Business Morale Little-Changed
The South Africa's SACCI business confidence index was 85.7 in September of 2020, little-changed from 85.8 in August and close to pre-pandemic levels, as the further easing of the country's lockdown restrictions boosted manufacturing output, exports and imports. Meanwhile, a sustained decline in retail sales volumes, lower share prices on the JSE and less real credit to the private sector weighed on sentiment. "The country remains in a fragile situation and therefore government should continue to pursue enabling policies and an environment that encourages the business sector to fast-track growth and employment creation", SACCI said. South Africa has moved to Level 1 lockdown restrictions from September 21st, 2020, following a significant decrease in Covid-19 cases.
2020-10-07
South Africa SACCI Business Morale at 4-Month High
The South Africa's SACCI business confidence index rose to 82.8 in July of 2020 from 81.4 in June and recovering further from a 35-year low in May. It was the highest reading since March, helped by improving global economic activity but remaining well below average due to rising local infections and the slow pace of the economy's reopening.
2020-08-12

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.