South Africa Business Confidence
South Africa's business confidence declined by 2.5% to 39 points in Q3 2025 from 40 points in Q2 2025. This marks the lowest level in four quarters. The decrease is attributed to concerns over US tariffs and trade uncertainties, exacerbated by tariffs imposed in August 2025. Persistent local logistical constraints and disruptions in the automotive sector also negatively impacted business sentiment. South Africa's record low business confidence was 5 points in Q2 2020 and record high was 50 points in Q2 2021.
Quarterly Historical Data (2015-2025)
(in points)Recent Events
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South Africa Business Confidence : Definition
South Africa business confidence measures the optimism level among local businesses regarding economic conditions. It is calculated using survey responses on factors like new orders, production, employment and inventories. Higher index values typically indicate greater confidence while lower values suggest pessimism about the economic outlook. Berries Research Unit compiles this indicator.