South Africa's SACCI business confidence index dropped to 94 in March of 2021 from 94.1 in the previous month and after reaching a two-year high in January. It was the lowest reading since last November, amid uncertainty over the country's recovery due to the threat of a third wave of Covid-19. "It is important for South African authorities to address policy certainty, structural impediments and low investment ratings that are still preventing the economy from breaking through the present impasse,” SACCI said. source: South African Chamber of Commerce and Industry (SACCI)

Coincident Index in South Africa averaged 107.80 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 May of 2021.

Coincident Index in South Africa is expected to be 89.50 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 89.70 in 12 months time. In the long-term, the South Africa SACCI Business Confidence Index is projected to trend around 92.00 points in 2022 and 93.00 points in 2023, according to our econometric models.

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South Africa SACCI Business Confidence Index

Actual Previous Highest Lowest Dates Unit Frequency
94.00 94.30 141.17 70.10 1985 - 2021 points Monthly
2015=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-02-10 09:30 AM Dec 94.3 93.4 94
2021-02-10 09:30 AM Jan 94.5 94.3 93.6
2021-04-07 09:30 AM Feb 94.3 94.5 94.7
2021-04-07 09:30 AM Mar 94 94.3 94
2021-05-07 09:30 AM Apr 94 94.4
2021-06-08 09:30 AM May
2021-07-08 09:30 AM Jun
2021-08-09 09:30 AM Jul


News Stream
South Africa SACCI Business Sentiment at 4-Month Low
South Africa's SACCI business confidence index dropped to 94 in March of 2021 from 94.1 in the previous month and after reaching a two-year high in January. It was the lowest reading since last November, amid uncertainty over the country's recovery due to the threat of a third wave of Covid-19. "It is important for South African authorities to address policy certainty, structural impediments and low investment ratings that are still preventing the economy from breaking through the present impasse,” SACCI said.
2021-04-07
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 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.