Sunday, December 10, 2023
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Business confidence increasing despite challenges

Business confidence seems to be increasing despite the challenges of load shedding and high interest rates. The other services sector, that includes the hospitality and transport sectors, performed better than other sectors in the fourth quarter, but also off a low base in 2021. The South African Chamber of Commerce and Industry (SACCI) Business Confidence Index (BCI) for November recorded a reading of 110.9 and although the BCI declined by 1.4 index points to 109.4 in October, it again recovered the 1.4 index points in November 2022. The BCI was 3.6 index points higher in November 2022 than in November…


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