Domestic perseverance keeps business confidence afloat, Sacci reports

After having shed 4.4 index points in January and one index point in February, the South African Chamber of Commerce and Industry (Sacci) Business Confidence Index (BCI) declined by a further 0.6 of an index point in March to 111.3.

Despite a total decline of six index points since December 2022, the BCI increased by 1.6 index points year-on-year to reach 112 in the first quarter of this year.