SA business confidence declines in January
Confidence among South African businesses dipped in January, a survey showed on Thursday, weighed down by uncertainty around the domestic and global economy.
The South African Chamber of Commerce and Industry's (Sacci) business confidence index was 0.9 index points lower at 92.2 in January compared with December, and was down 2.9 index points on a year-on-year basis.
"The latest figures suggest that business confidence still finds it difficult to gain momentum," Sacci said in a statement.
"Developments during the latter part of January 2020 have again underlined the uncertainty that plagues the global and the domestic economy."
Merchandise export volumes were lower during the month, while less new vehicles were sold and the real value of building plans passed fell and energy supply was shaky.
These negative effects were offset by higher precious metal prices and lower inflation.
Sacci said the coronavirus outbreak emanating from China had underlined the sensitivity and uncertainty plaguing the global and the domestic economy.
In February, companies would be focused on President Cyril Ramaphosa's state of the nation address and finance minister Tito Mboweni's annual budget review for pointers on the country's economic performance and the business climate for the longer term, the chamber said.
Comments
Research Reports
Projects
Latest News
Showroom
Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...
VISIT SHOWROOM
The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
