The RMB/BER business confidence index in South Africa fell by 7 points from the previous period to 43 in the third quarter of 2021, after unexpected deadly riots and looting swept parts of the country in July and amid a new wave of restrictions. Confidence worsened across all the sectors, except for retail and wholesale trade. "The adverse developments in the third quarter are likely to only deliver a temporary setback to what otherwise remains a cyclical economic recovery.", said Ettienne Le Roux, chief economist at RMB. 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 October of 2021.
Business Confidence in South Africa is expected to be 45.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Business Confidence is projected to trend around 50.00 points in 2022 and 47.00 points in 2023, according to our econometric models.