The RMB/BER business confidence index in South Africa rose to 24 in the third quarter of 2020 from a record low of 5 in the previous period. It was the highest reading since the last quarter of 2019, as the country gradually relaxed most of its coronavirus restrictions during the period. Across sectors, confidence rebounded the most in wholesale and retail trade, supported by the agricultural sector and a continued recovery in international trade. "The improvement in business sentiment could mean that the 51% annualized contraction in gross domestic product in the three months through June was the worst point in this cycle", said Ettienne le Roux, RMB’s chief economist.
Business Confidence in South Africa averaged 42.97 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 October of 2020. source: Bureau for Economic Research (BER)
Business Confidence in South Africa is expected to be 24.00 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 32.00 in 12 months time. In the long-term, the South Africa Business Confidence is projected to trend around 34.00 points in 2021 and 37.00 points in 2022, according to our econometric models.