BCI improves by one point

"Business confidence is not in a good shape at the moment," he told reporters in Johannesburg.

 

"The January 2015 BCI level is the slowest start to the Sacci BCI over the last 18 years since... January 1997 and does not project an improved state of affairs for the business model in 2015."

 

He said serious disruptions of the economy and business were already present, which would not only restrain economic activity, but may set the economy on an "indifferent" course in 2015.

 

In December, the BCI was 88.3.

 

"The pace of developments in the global and local economy at the start of 2015 could be described as exciting and/or perturbing, for better or for worse," Downing said.