Johannesburg - Business confidence in South
Africa rose to its highest in 4 months in November, helped by
improvements in new vehicle sales and manufacturing output, a
survey showed on Wednesday.
The South African Chamber of Commerce and Industry's (SACCI)
monthly business confidence index (BCI) rose to 93.9 in
November, its highest reading since August, from 93 in
October.
"Positive monthly contributions to the BCI mainly came from
real value of building plans passed, new vehicle sales
(seasonally adjusted) and manufacturing output," SACCI said.
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"Notwithstanding the volatility in the business climate, the
present turnaround in the BCI could gather more momentum."