Business confidence in SA at lowest point in 32 years - SACCI

South Africa is a very negative country.

Alan Mukoki, SACCI

If the rand strengthens it is seen as positive for confidence, but many businesses want a weaker currency!

Kevin Lings, Stanlib

South Africa’s business confidence index fell to its lowest in 32 years.

The South African Chamber of Commerce and Industry’s (SACCI) monthly business confidence index (BCI) fell to 89.6 in August, the lowest level since mid-1980s, from 95.3 in July.

The Money Show’s Bruce Whitfield interviewed SACCI CEO Alan Mukoki and Stanlib Chief Economist Kevin Lings.

Listen to the interviews in the audio below (and/or scroll down for more quotes from it).

People are frozen in the headlights.

Alan Mukoki, SACCI

These things jump up and down all the time.

Alan Mukoki, SACCI

We do not poll members… We only look at data…

Alan Mukoki, SACCI

Our numbers tend to track other business confidence indices.

Alan Mukoki, SACCI

Confidence is well below where we were during the financial crisis.

Kevin Lings, Stanlib

Click here (then “like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
Stephen Koseff opens up about life after 40 years at Investec

Stephen Koseff opens up about life after 40 years at Investec

The Money Show’s Bruce Whitfield interviews Stephen Koseff about life at the helm of Investec.

Momentum to pay all violent crime claims, regardless of previous medical history

Momentum to pay all violent crime claims, regardless of previous medical history

The Money Show’s Bruce Whitfield interviews Johann le Roux, CEO at Momentum Life.

SA National Taxi Council (Santaco) buys 25% of SA Taxi for R1.7 billion

SA National Taxi Council (Santaco) buys 25% of SA Taxi for R1.7 billion

Bruce Whitfield interviews Maroba Maduma (SA Taxi) and Thulani Qwabe, Chief Business Development Officer at Taxi Choice.

Ermahgerd! Black Friday! It’s time to lose our sh**

Ermahgerd! Black Friday! It’s time to lose our sh**

It’s time for Black Friday, an imported tradition South African consumers have made their own, says Kali Moahloli of GfK SA.

'The universe is an extremely high-risk investment by the Creator'

'The universe is an extremely high-risk investment by the Creator'

Bruce Whitfield interviews Professor David Block about his attitude toward money (hopes and fears, successes and failures, etc.).

'Momentum did nothing wrong, legally. But the man died protecting his family!'

'Momentum did nothing wrong, legally. But the man died protecting his family!'

The Money Show’s Bruce Whitfield interviews consumer journalist Wendy Knowler.

Popular articles
[WATCH] An  excruciating moment as  woman jumps into frozen lake...ouch!

[WATCH] An excruciating moment as woman jumps into frozen lake...ouch!

Khabazela shares tweets and Facebook posts that have gone viral.

'Momentum did nothing wrong, legally. But the man died protecting his family!'

'Momentum did nothing wrong, legally. But the man died protecting his family!'

The Money Show’s Bruce Whitfield interviews consumer journalist Wendy Knowler.

'The universe is an extremely high-risk investment by the Creator'

'The universe is an extremely high-risk investment by the Creator'

Bruce Whitfield interviews Professor David Block about his attitude toward money (hopes and fears, successes and failures, etc.).

Markus Jooste will absolutely hate this book by FM Editor Rob Rose

Markus Jooste will absolutely hate this book by FM Editor Rob Rose

Financial Mail Editor Rob Rose talks about his book, “Steinheist: Markus Jooste, Steinhoff and SA’s biggest corporate fraud”.

Wife of Nathan Ganas speaks out over Momentum's refusal to pay up

Wife of Nathan Ganas speaks out over Momentum's refusal to pay up

Momentum has refused to pay a R2.4 million policy payout citing a non-disclosure breach

6 mistakes people in their 20s make with money

6 mistakes people in their 20s make with money

Sam Beckbessinger, the author of “Manage Your Money like a F*cking Grownup,” has some tips, so you don’t have to live with regret.

[LISTEN] 'We will not pay out the insurance claim', MMI CEO tells Eusebius

[LISTEN] 'We will not pay out the insurance claim', MMI CEO tells Eusebius

Eusebius McKaiser engages MMI CEO in a fiery debate about why they won't pay gunshot victim's R2.4 million policy claim.

VW vehicle nightmare to cost customer R23 000  after third engine fails

VW vehicle nightmare to cost customer R23 000 after third engine fails

A brand new Touran that's had three new engines since 2012 is about to cost the customer R23 000 for a fourth engine.