, according to the SA Chamber of Commerce and Industry . The BCI [business confidence index] was 1.4 points higher in November, rallying to 110.6 index points. This was higher by 3.6 points when compared to the same period last year and 2.9 points up on the 2020 number.
The erratic movement of the SACCI BCI in 2022 from a high of 112.0 in February to a low of 103.2 in May – a spread of 8.8 index points – in itself mirrors the risk and uncertainty surrounding the business climate in South Africa during 2022. “Of these eight sub-indices, increased new vehicle sales, share prices on the JSE, and manufacturing output made the largest positive month-to-month impact on the BCI in November. Annually, increased inbound tourism increased new vehicle sales and higher merchandise import volumes had a notable positive effect on the BCI. Import and export volumes both experienced increased activity in the first nine months of 2022 by increasing significantly by 15.9% year-on-year and 9.
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