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South African business confidence in edged up marginally in October despite an unfavourable economic climate, the SA Chamber of Commerce and Industry reports.
The South African Chamber of Commerce and Industry has joined President Jacob Zuma in congratulating the Department of Science and Technology and its partners for winning the right to co-host the the 1.5-billion Square Kilometre Array (SKA) radio telescope.
The South African Chamber of Commerce and Industry's Business Confidence Index jumped 3.3 points to 87.6 in August - its highest level so far this year - and the chamber expects it to continue its positive trend in the medium term.
Business confidence inched up slightly in June, the South African Chamber of Commerce and Industry reports, with contributing factors including higher export volumes and lower inflation.
Many influential figures in South African government, business and civil society serve on the Board of Brand South Africa.