Sacci records dip in BCI over April, May as elections unfolded

The South African Chamber of Commerce and Industry (Sacci) says the lead up to the national and provincial elections on May 29 had a notable effect on business confidence during April and May, with the Business Confidence Index (BCI) having dropped by 5.8 points in April to 108.9 and further to 107.8 in May.

The recovery of the 6.9-point decrease over the two months will largely depend on the formation of a new government.

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