2016-01-21
Matters ranging from changing the guard at Treasury to financial risk assessments in addition to tentative global and domestic economic developments, impacted negatively on the business climate in December 2015. Some expected, but also unpredictable decisions, contributed to uncertainty with strong responses from notable financial markets. As a result, the SACCI Business Confidence Index (BCI) slipped back further to 79.6 in December - the lowest level for the BCI in 2015. The BCI declined by 3.1 index points from 82.7 in November 2015 and by 8.7 between December 2014 and December 2015. The annual average of 86.4 for the BCI for 2015 is the lowest annual average since the average of 81.3 in 1993.Dr Clive Coetzee
General Manager: Infrastructure Management and Economic Services
KZN Provincial Treasury
Economist (PhD UKZN)
033 897 4538