Business confidence continued its upward trend in November, but poor economic performance remains a concern. The business climate is still plagued by poor economic performance, recessionary conditions and high unemployment and fiscal unsustainability, says the South African Chamber of Commerce and Industry. The index is a mere 0.7 points higher than the 92.7 pointes recorded in November 2019. Economic reforms are needed to bolster business confidence in the future, according to SACCI. SACCI on Wednesday released the business confidence index for November, which is at 93.4 points. The index has climbed 23.3 points since the low of 70.1 points record in May 2020, amid harsher lockdown restrictions. The index is a mere 0.7 points higher than the 92.7 points recorded in November 2019.
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