• Voter paralysis

    With so much tilting voters against change, democratic reason is the loser, says Solly Moeng.

  • The power of perseverance

    True grit is a reliable predictor of who will achieve success in life, says Ian Mann.

  • It's the system

    The system sucks and it’s being used far too often as an excuse, says Mandi Smallhorne.

All data is delayed
Loading...
See More

Business confidence up despite strikes

Feb 07 2013 12:45
Reuters

Johannesburg - Business confidence in South Africa rose for the second consecutive month in January despite ongoing labour unrest, but dramatic government action is needed to improve investor sentiment for the rest of 2013, a survey showed on Thursday.

The Business Confidence Index (BCI) edged up to 94 in January from 93 in December, the South African Chamber of Commerce and Industry (Sacci) said, but was down 3.1 points year-on-year. Positive contributions were made by manufacturing, construction and new vehicle sales.

However, Sacci added that the business environment was difficult in 2013 amid more protests by miners and farm workers and various announcements by government officials against the mining industry.

"Dramatic response measures will be necessary to restore trust and predictability to the business environment," Sacci said.

"The resilience of the private sector, despite developments that tarnished South Africa's attractiveness as an investment destination, mitigated a contraction in business confidence."  

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

sacci  |  business confidence  |  sa economy

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
3 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE DEBT ISSUE

Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Would you take out a payday loan?

Previous results · Suggest a vote

Loading...