The RMB/BER business confidence index in South Africa rose to 40 in the fourth quarter of 2020 from 24 in the previous period. It was the highest reading since the second quarter of 2018, as the easing of lockdown restrictions in recent months helped to boost economic activity. Sentiment improved across all sectors, and confidence in the wholesale and retail sectors moved back into net positive terrain for the first time in more than two years. Still, "the outlook for economic growth in 2021 and beyond is highly uncertain and could also be hamstrung by weaker-than-expected Black Friday and festive season sales, as well as renewed risks associated with the coronavirus pandemic", added Ettienne le Roux, RMB’s chief economist. Lastly, the survey pointed out that activity in sectors linked to the supply-side of the economy, such as building and manufacturing, needs to improve to ensure that the upward trend in confidence lasts. source: Bureau for Economic Research (BER)
Business Confidence in South Africa averaged 42.96 points from 1975 until 2020, reaching an all time high of 92 points in the third quarter of 1980 and a record low of 5 points in the second quarter of 2020. This page provides - South Africa Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.
Business Confidence in South Africa is expected to be 40.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in South Africa to stand at 28.00 in 12 months time. In the long-term, the South Africa Business Confidence is projected to trend around 32.00 points in 2021 and 35.00 points in 2022, according to our econometric models.