The SACCI Business Confidence Index (BCI) for April 2014 was released today at the SACCI Offices in Rosebank, Johannesburg.
Business Confidence remained unchanged in April 2014 as the SACCI Business Confidence Index (BCI) declined by 0.1 index point to 92.6 in April 2014 from 92.7 in March 2014.
The three public holidays in April did not affect the business mood negatively. The BCI was 0.3 index points above the April 2013 level.
Five of the thirteen sub-indices of the SACCI BCI had negative month-on-month impacts in April 2014. Only one sub-index of the six financial sub-indices had a negative month-on-month impact on the BCI in April 2014 while three were positive and two remained unchanged.
Four of the seven physical economic activity sub-indices were negative on a month-on-month basis in April 2014, two were positive while one index was unchanged.
On an annual basis, seven of the BCI sub-indices were in negative territory in April 2014 – a similar number to that of March 2014. The six positive year-on-year changes in April 2014 are an improvement on the four sub-indices that were positive in March 2014.
Improvements in the BCI will reflect the domestic economy’s response to business-friendly policies by the newly elected government, global market trends in relation to South Africa and the economic performance of aanced economies.
There were no signs that the national elections affected the business psyche negatively, however, the policy positions to be embraced will no doubt have an impact on business confidence.
The business climate and business response are to a large degree dependent on the rapid implementation of important facets of the NDP and the adherence to sound public sector management and accountability. Prompt action by the newly elected government is required if permanent fault lines in the economy are to be averted.
For a full background to this month’s SACCI BCI click a href=”http:www.sacci.org.zaimagesstoriesBCI2014bci_apr_2014%20.pdf” target=”_blank”herea
For more information contact:
Richard Downing SACCI Economist 082 822 5566
Neren Rau SACCI CEO 011 446 3800
Source : South African Chamber of Commerce amp Industry