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SA's business confidence recovers in September

Eyewitness News logo Eyewitness News 2017-10-05 Ilze-Marie Le Roux

© Pixabay.com. CAPE TOWN - Businesses are coping a little bit better with the depressed South African economy.

South Africa’s business confidence index rose in September as merchandise import and export volumes increased, a survey showed on Thursday, after falling to its lowest in more than three decades in August.

The South African Chamber of Commerce and Industry’s (SACCI) monthly business confidence index (BCI) rose to 93.0 in September from 89.6 in August, which was the lowest level since the mid-1980s.

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“Although the business climate improved on August 2017’s subdued business conditions, the slow-growing economy still constrains business activity,” SACCI said.

SACCI has noted that a number of public sector institutions continue to experience financial difficulties, warning that it could have a negative effect when the credit rating agencies make their next assessment

The chamber has called for a collective resolve to break the current negative trend.

The world's hardest-working nations (Provided by Lovemoney) Long hours cultures: The Organisation for Economic Co-operation and Development’s (OECD) Better Life Index measures many things including the average hours worked per employee in each country. We've divided the OECD's annual findings by 48 weeks to show which nations work the most hours on average each week. The results may surprise you. The world's hardest-working nations

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