South Africa's business confidence deteriorated in January, after improving in the previous month, data from a survey by the South African Chamber of Commerce and Industry (SACCI) showed Wednesday.
The business confidence index dropped to 97.1 in January from 99.1 in December, which was higher than 97.4 recorded in November. The latest figure was the lowest since May 2010, when the reading was 96.7.
Six of the sub-indexes were negative in January, contributing to the deterioration of the headline. Only two of the seven sub-indexes had a positive impact on the businesses confidence index.
Various challenges cloud the economic and business outlook for 2012, including lower economic growth, unemployment, higher inflation and weak municipal service delivery, the agency said.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.