Thursday, 8 February 2018

South Africa business confidence hits 2-1/2 year high in January.

JOHANNESBURG (Reuters) - South Africa’s business confidence rose for a third month in a row in January to its highest since late 2015, on expectations that the new leadership of the ruling party will stabilise economic policy, a survey showed on Tuesday.

The South African Chamber of Commerce and Industry’s (SACCI) monthly business confidence index rose to 99.7 in January from 96.4 in December.

Increases in import volumes, a stronger currency and higher retail sales volumes all boosted sentiment, the business body said.
“There is the expectation that new leadership will lead to more promising and consistent business and economic policy options,” economists at SACCI said in a statement.





Full story at Reuters.

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