Business organisation the South African Chamber of Commerce and Industry's (Sacci's) Business Confidence Index (BCI) declined by 4.2 points to 106.7 in April but increased by 0.2 index points to 106.9 in May, which suggests the business climate might be settling down after the uncertainty experienced earlier in the year with the worsening electricity supply outlook. The May BCI was, however, 10.4 points lower than in December 2022, the organisation pointed out.
