Finweek English Edition - - THE WEEK -

The South African Cham­ber of Com­merce and In­dus­try’s (Sacci’s) 2017 Busi­ness Con­fi­dence In­dex (BCI) im­proved by 1.1 in­dex points to 94.9 in April 2017, from 93.8 in March 2017, Sacci re­ported on 4 May. The gain comes de­spite sev­eral sub-in­dices “in­stantly” re­act­ing to the re­moval of Pravin Gord­han as fi­nance minister at the end of March. Pos­i­tive de­vel­op­ments in the econ­omy still in­formed the busi­ness cli­mate in April and were strong enough to carry the pos­i­tive cli­mate for­ward, ac­cord­ing to Sacci. The BCI for April 2017 is 0.6 in­dex points lower than in April 2016.

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