Business confidence rises despite challenges

Business confidence appears to be rising despite the challenges of the discharge and high interest rates. The other service sector, which includes the hospitality and transportation sectors, performed better than other sectors in the fourth quarter, but also off a low base in 2021. The Business Confidence Index (BCI) from the South African Chamber of Commerce and Industry (SACCI) for November recorded a reading of 110.9 and although the BCI dropped 1.4 index points to 109.4 in October, it again recovered 1.4 points of the index in November 2022. The BCI was 3.6 points higher in November 2022 than in November…

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