The South Africa's SACCI business confidence index rose to 93.1 in December 2019 from 92.7 in the previous month. It is the highest reading in six months as 13 sub-indices improved, three weakened and six were broadly unchanged. However, the economy's potential is wavering and requires positive corrective steps and extensive power cuts continue to hurt confidence. Coincident Index in South Africa averaged 108.50 points from 1985 until 2019, reaching an all time high of 141.17 points in December of 2006 and a record low of 88.12 points in April of 1985. source: South African Chamber of Commerce and Industry (SACCI)

Coincident Index in South Africa is expected to be 91.70 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 92.60 in 12 months time. In the long-term, the South Africa SACCI Business Confidence Index is projected to trend around 93.10 points in 2020, according to our econometric models.

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South Africa SACCI Business Confidence Index

Actual Previous Highest Lowest Dates Unit Frequency
93.10 92.70 141.17 88.12 1985 - 2019 points Monthly
2015=100, NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-10-09 09:30 AM SACCI Business Confidence Sep 92.4 89.1 88.8
2019-11-07 09:30 AM SACCI Business Confidence Oct 91.7 92.4 91.7
2019-12-05 09:30 AM SACCI Business Confidence Nov 92.7 91.7 91
2020-01-09 09:30 AM SACCI Business Confidence Dec 93.1 92.7 90.5
2020-02-06 09:30 AM SACCI Business Confidence Jan 93.1 92.8
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
2019-12-05
South Africa SACCI Business Morale at 5-Month High
The South Africa's SACCI business confidence index rose to 92.7 in November 2019, its highest level since June, from 91.7 in the previous month. Five of the thirteen sub-indices improved, four weakened while four remained unchanged. Main positive contributions came from the volume of exports and private sector credit. "The difficulty in decision-making aimed at the inevitable structural adjustments necessary to let the economy perform better, are still lacking. The effect of indecisiveness and the time lapses to taking action are going to impact critically on the economy and, therefore, business and investor confidence as year-end approaches," Sacci noted.

2019-11-07
South Africa SACCI Business Confidence Index Drops
The South Africa's SACCI business confidence index decreased to 91.7 in October 2019 from 92.4 in the previous month. Six of the thirteen sub-indices worsened, five improved while two remained unchanged. The main negative contributions came from the impact of another round of rolling blackouts, lower export and import volumes, and currency exchange rate depreciation.

2019-10-09
South Africa Business Confidence Improves
The South Africa's SACCI business confidence index rose to 92.4 in September 2019, its highest level since June, recovering from a 34-year low of 89.1 in the prior month. Seven of the thirteen sub-indices improved, three remained unchanged and three deteriorated. The main positive contributions came from export volumes, a stronger rand exchange rate against major trading currencies, new vehicles sales and an increase in the real value of building plans passed. "Apart from the SACCI BCI that suggests a possible about turn for the business climate in September 2019, there are indications that the economy may have hit a trough and could obtain some stability albeit at a subdued level," the business chamber said.

2019-09-11
South Africa Business Morale Lowest since 1985
The South Africa's SACCI business confidence index fell to 89.1 in August 2019, its lowest level since August 1985, from 92.0 in the previous month. In August, seven of the thirteen sub-indices in the business confidence deteriorated, four improved, while two remained unchanged. The most negative contributors were export volumes, the exchange rate weighted against major trading and investment currencies, and share prices on the Johannesburg Securities Exchange.

2019-08-07
South Africa SACCI Business Confidence at 4-Month Low
The South Africa's SACCI business confidence index dropped to 92 in July 2019, after increasing marginally to 93.3 in the previous month. This was the worst reading since March, amid decreases in the sub-indexes of import and export volumes, manufacturing and new vehicle sales. "The high level of optimism that existed immediately after the election of President Cyril Ramaphosa, is being affected by indications that the ruling party is divided on policy, political and factional lines, on the basis that these divisions have a direct impact in government’s efficiency and effectiveness in implementing its policies and managing the fiscus,” said Sacci.

2019-07-03
South Africa SACCI Business Confidence Edges Higher
The South Africa's SACCI business confidence index rose slightly to 93.3 in June 2019 from 93.0 in the previous month, but still remained below levels seen a year ago, which adds to the risk that the economy could fall into its second recession since 2009. In general, investors see little progress in economic reforms since President Ramaphosa was reelected. In June, six of the thirteen sub-indices of the composite BCI improved on their May levels while three declined and four were unchanged.


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.

South Africa Business Last Previous Highest Lowest Unit
Business Confidence 26.00 21.00 92.00 12.00 points [+]
Manufacturing PMI 47.10 47.70 57.89 38.38 points [+]
Industrial Production -3.60 -0.80 18.50 -23.20 percent [+]
Industrial Production Mom -1.50 2.50 9.10 -8.70 percent [+]
Capacity Utilization 80.40 81.70 86.20 76.90 percent [+]
Changes in Inventories -9526.00 27391.00 66699.00 -59774.00 ZAR Million [+]
Bankruptcies 219.00 178.00 511.00 63.00 Companies [+]
Total Vehicle Sales 41698.00 44670.00 65689.00 18482.00 [+]
Car Registrations 28965.00 31403.00 43659.00 5155.00 [+]
Leading Economic Index 0.70 -0.70 4.70 -3.70 percent [+]
Internet Speed 6736.79 6595.61 6736.79 685.91 KBps [+]
IP Addresses 4274668.00 3727821.00 6727656.00 520279.00 IP [+]
Mining Production -3.10 -2.10 23.20 -17.40 percent [+]
Steel Production 384.90 501.90 885.00 182.00 Thousand Tonnes [+]
Coincident Index 93.10 92.70 141.17 88.12 points [+]
Competitiveness Index 62.44 60.76 62.44 4.31 Points [+]
Competitiveness Rank 60.00 67.00 67.00 35.00 [+]
Composite Pmi 47.60 48.60 52.70 46.40 points [+]
Ease of Doing Business 84.00 82.00 84.00 32.00 [+]
Electricity Production 20653.00 21571.00 23801.00 10439.00 Gigawatt-hour [+]
Corruption Index 43.00 43.00 56.80 41.00 Points [+]
Corruption Rank 73.00 71.00 73.00 23.00 [+]
Gold Production 5.20 -1.40 75.70 -47.10 percent [+]