South Africa business confidence hits 2-1/2 year high in January

JOHANNESBURG (Reuters) – South Africa’s business confidence index rose for a third month in a row in January to its highest since late 2015, with expectations that the new leadership of the country’s ruling party would stabilise economic policy, a chamber of commerce survey showed on Tuesday.

The South African Chamber of Commerce and Industry’s (SACCI) monthly business confidence index (BCI) rose to 99.7 in January from 96.4 in December.

(Reporting by Mfuneko Toyana; Editing by Alexander Winning)

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