Catapulting African SME’s South Africa is sitting at an economic crossroad. The National Development Plan (NDP) proposes many measures to accelerate economic growth and deal with the country’s rising social problems. However, since the introduction and acceptance of the NDP as South Africa’s new economic blueprint- the country’s growth rate hovers at 1.4%. Situated
SACCI’s Business Confidence Index (BCI) for April 2019 improved by 1.9 index points to 93.7 compared to the March 2019 level. It is 2.3 index points below the 96.0 figure for April 2018. Five of the thirteen sub-indices of the BCI improved on their March 2019 readings. Another five remained unchanged, and three declined.
Current trade conditions, as reflected by the Trade Activity Index (TAI), recovered to a seasonally adjusted 37 in March 2019 from 30 in January 2019, and 34 in February 2019, although still in negative territory, and much lower than the March 2018 level. According to the survey, the tough trade conditions will ease slightly