South Africa Business Mood Steady on Improved Economic Prospects
- Business Confidence Index was little changed at 120 in January
- Coalition government has prioritized growing the economy
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South African business sentiment was little changed in January, after surging to a decade-high at the end of last year, indicating that firms remain upbeat about the nation’s economic prospects and the performance of its coalition government.
A gauge of the mood among firms compiled by the South African Chamber of Commerce and Industry edged down to 120 from 121 in December. It averaged 112.6 last year, compared with 109.6 in 2023.