THE GOOD

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.