Ina Opperman
It seems that increased import and export volumes and more vehicle sales increased business confidence in July, but inflation, the rand and interest rates had a negative impact.
Business confidence was in a holding position in July, with the Business Confidence Index number indicating that the business climate is gradually returning to normal. The July number increased by 1.8 index points compared to June, 6.1 compared to the low level in May and 2.6 compared to July 2021. The South African Chamber of Commerce and Industry (SACCI) Business Confidence Index (BCI) reference point or base year was adjusted to 2020 = 100 for a more recent reference point that includes up to date information and changing trends in the economy and financial markets. With the SACCI BCI at...
