Business Confidence Index moderated by 2 index points
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The SA Chamber of Commerce and Industry says its Business Confidence Index moderated by 2 index points between April and May this year.
SACCI economist, Richard Downing says the BCI measured 94 index points last month.
He says there were no notable negative movements in domestic-prompted sub-indices for the period, except for inflation caused by the one-percent VAT increase from April 2018...
Downing says once the challenge of good governance has been achieved, attention will focus on structural economic issues, placing South Africa on the road to sustainable economic recovery towards the end of the year.
SACCI economist, Richard Downing says the BCI measured 94 index points last month.
He says there were no notable negative movements in domestic-prompted sub-indices for the period, except for inflation caused by the one-percent VAT increase from April 2018...
Downing says once the challenge of good governance has been achieved, attention will focus on structural economic issues, placing South Africa on the road to sustainable economic recovery towards the end of the year.
