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Sas Business Confidence Improves July

GCIS / SAnewsRef: https://www.sanews.gov.za/south-africa/sas-business-confidence-improves-july

Official source

Source domain: sanews.gov.za

Collected on 28 July 2026

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What this means

This is a SAnews.gov.za news article dated 8 August 2018 reporting that South Africa’s business confidence rose in July 2018 for the first time in six months, according to the South African Chamber of Commerce and Industry (SACCI). SACCI’s Business Confidence Index (BCI) increased to 94.7 in July 2018 from 93.7 in June 2018, with improvements linked to sub-indices for real economic activity and financial conditions. The article also references the IMF Article IV consultation (28 May–11 June 2018) and notes SACCI’s view that policy execution and removal of structural constraints require a longer-term approach, while addressing political uncertainty and implementing an economic policy framework should be a short-term priority.

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Facts

Places

City of Johannesburg, Gauteng

Reference

https://www.sanews.gov.za/south-africa/sas-business-confidence-improves-july

Key Takeaways

SACCI Business Confidence Index (BCI) increased in July 2018
BCI: 94.7 in July 2018 vs 93.7 in June 2018
First upward turnaround in six months
Biggest positive month-on-month influences: merchandise export volumes, lower inflation, real retail sales
Biggest negative month-on-month influences: merchandise import volumes, decline in precious metal US dollar prices, number of new vehicles sold
IMF Article IV consultation with South Africa: 28 May to 11 June 2018
SACCI says confidence could turn more positive if policy uncertainties are removed and global economic relations are nurtured
South African Chamber of Commerce and Industry (SACCI)
International Monetary Fund (IMF)
National Treasury
Johannesburg Stock Exchange (JSE)
Government Communication and Information System (GCIS)
SAnews.gov.za
Roze Britz
Janine Arcangeli
Zanele Mngadi