The RMB/BER business confidence index in South Africa rose to 50 in the second quarter of 2021 from 35 in the previous period and well above pre-pandemic levels, amid the gradual relaxation of some Covid-19 restrictions. It was the highest reading since the last quarter of 2014, as confidence rebounded especially sharply in the manufacturing, retail trade and motor trade sectors. By contrast, sentiment among building contractors and the wholesale trade sector improved only marginally. Still, it was noted that the South African economy faced risks from a fast-spreading third wave of coronavirus infections, additional lockdowns and Eskom's unstable electricity grid. source: Bureau for Economic Research (BER)
Business Confidence in South Africa averaged 42.95 points from 1975 until 2021, 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 July of 2021.
Business Confidence in South Africa is expected to be 50.00 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 38.00 points in 2022 and 42.00 points in 2023, according to our econometric models.