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Pre-election jitters knock business confidence

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Sacci’s business confidence index declined to 91.8 in March, the lowest level since August 2017

Jitters ahead of the national elections have weighed on business confidence, dragging it to its lowest level since August.

“The BCI reflects a depressed business climate that is dominated by concerns over continued difficult and uncertain domestic economic circumstances. The upcoming May 8 2019 general elections add to this uncertainty,” Sacci said in a statement on Wednesday. Six of the 13 sub-indices of the BCI improved on their February 2019 readings, while four declined and three were unchanged. The rand, load-shedding, the electricity tariff increase and an ease in manufacturing output weighed on the index.

 

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It’s much much deeper than that. Try Eskom,petrol prices,violent strikes,staring into an economic black hole,crime,no leadership .......

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 /  🏆 12. in JP

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Business confidence at lowest level this year on back of election uncertaintyBusiness confidence is at its lowest level this year, according to the South African Chamber of Commerce and Industry's latest business confidence index.
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