Business Confidence Index rises

JOHANNESBURG - The Business Confidence Index edged up last month, buoyed by increased export volumes, new vehicle sales and low inflation. 

The index rose from 90.5 in August to 93.3.

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The BCI last saw highs in January, following President Cyril Ramaphosa’s election as ANC president in December but South African businesses are still under pressure on many fronts. 

The South African Chamber of Commerce and Industry said the upcoming Medium Term Budget Policy Statement will provide policy direction and certainty.

It said this is likely to boost confidence.