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Business confidence sags in March on continued Covid-19 uncertainty By Siphelele Dludla Share JOHANNESBURG - BUSINESS confidence in South Africa fell to a four-month low in March as the economy battled to gather upward momentum on prevailing uncertainty over intermittent lockdowns. The SA Chamber of Commerce and Industry (Sacci) said yesterday that the business confidence index (BCI) dropped to 94 points in March from 94.3 points in February. This was the lowest reading in the BCI since last November 2020 and after reaching a two-year high in January 2021. Sacci said the business climate had remained constricted due to continuing economic uncertainty. It said the prospects of a further lockdown in the offing with rumours of a third wave of infections becoming prevalent was also contributing to the negative climate. ....
Michael Ciaglo, Getty Images via AFP Economic uncertainty coupled with a possibility of a third wave of Covid-19 infections contributed to muted growth in the Business Confidence Index (BCI) In March it was at 94.0, marginally down from 94.3 in February and 94.5 in January 2021 According to the chamber, the rollout of Covid-19 vaccinations would be critical in re-igniting the economy Continued economic uncertainty coupled with a possibility of a third wave of Covid-19 infections contributed to muted growth in the Business Confidence Index (BCI) during the month of March, according to data by the SA Chamber of Commerce (SACC) released on Wednesday. ....
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