Sacci BCI drops 0.1 index points amid tumultuous economic outlook

While South Africa continues to struggle to grow the economy, the South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) remained steady in December, recording only a marginal month-on-month decline of 0.1 index points to 93.8. Sacci pointed out that the ten-point year-on-year decline of December 2015 had reversed, with a year-on-year increase of 1.6 index points recorded in December 2016. This is the first time since February 2015 that the Sacci BCI improved on a year-on-year basis.