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SA mining production tanks 10.4% in year to October, th...

South African mining production fell on an annual basis for the eighth consecutive month in October, the latest signal that the sector is in the throes of a terminal long-term decline.

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South African business confidence gets a boost from inb...

The SA Chamber of Commerce and Industry’s Business Confidence Index reveals signs of hope in an otherwise gloomy scenario.

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South Africa is down, but not out yet

South Africa is down, but not out yet
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SA business confidence rises from the ashes of 2020, bu...

The South African Chamber of Commerce and Industry (Sacci) Business Confidence Index (BCI) rose in May to 97.0 from 94.7 in April.
In May last year, it was at a record low of 70.1 and its 2020 average of 86.5 was the lowest since it was launched in 1985, when there was a state of emergency, sanctions and massive capital flight.
From such depths, one would hope things would go up.
“Significant increased volumes of merchandise exports… made the biggest positive annual impact on the business climate,” said Sacci. But it noted that retail sales and credit extension remained constrained, and that unreliable power supplies were a drain on business confidence. Underlining this point, Eskom is in load shedding mode most of this chilly week.

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