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South Africa's business confidence rises in December

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Staff Writer | January 11, 2018
South Africa business
Africa   The South African Chamber of Commerce

South Africa's business confidence index rose for a second month in a row in December, due in part to political developments that have raised expectations of policy certainty and economic reforms, a chamber of commerce survey showed.

The South African Chamber of Commerce and Industry's (SACCI) monthly business confidence index (BCI) rose to 96.4 in December from 95.1 in November.

"The BCI improved on a more positive business mood and political developments that are expected to put South Africa in a position for more encouraging business and economic policy options," SACCI said in a statement.

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