The iconic Johannesburg’s Hillbrow Tower is seen as the sun sets, in Johannesburg, South Africa, October 18, 2023. REUTERS/Siphiwe Sibeko
South African business confidence eased slightly in September on renewed uncertainty over global energy prices, a survey showed on Monday.
• The South African Chamber of Commerce and Industry’s Business Confidence Index fell to 134.3 in September from 135.1 in August
• The chamber, which releases the index every two months, said rising energy costs remained a key concern for businesses because they increase operating expenses and place pressure on profitability
• Despite the slight monthly decline, the index is significantly higher than a year earlier
• Factors supporting improved business confidence over the past year include strong overseas tourist arrivals, vehicle sales and precious metals prices, the chamber said
Reuters
The South African Chamber of Commerce and Industry’s Business Confidence Index fell to 134.3 in September from 135.1 in August. Rising energy costs remain a key concern for South African businesses due to increased operating expenses and pressure on profitability. The Business Confidence Index in September is significantly higher than it was a year earlier. Strong overseas tourist arrivals, vehicle sales, and precious metals prices have supported improved business confidence over the past year. The chamber releases the Business Confidence Index every two months.
https://sundayworld.co.za/business/south-african-business-confidence-eases-slightly-in-september-on-oil-price-uncertainty/?utm_source=rss&utm_medium=rss&utm_campaign=south-african-business-confidence-eases-slightly-in-september-on-oil-price-uncertainty
