SA's business confidence rises

The South African Chamber of Commerce and Industry's (Sacci's) Business Confidence Index (BCI) responded to positive medium-term economic developments and rose to 83 points in February, rebounding by 1,8 points on the 81,2 recorded in January.

The BCI had lost some momentum over the festive season and had dropped by 2,3 points month-on-month in January.

Sacci on Wednesday noted that while only six of the thirteen subindices had had a positive impact on the index in February, compared with nine in January, the lower liquidations data and increased manufacturing output had had a significant impact on the BCI in February.

Editor's Comment
Consult, get buy-ins first for 6 to 6 policy, Hon Minister

While the minister is of the view that the proposal would have significant positive economic impact, the entertainment industry players believe otherwise. The issue has over the weeks become a hot potato. But what is of essence right now is that the country needs liberal ideas to move in the right direction While opening up the economy may sound quite interesting to the ear, rolling out extended trading hours through pilot programmes without...

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