JOHANNESBURG, Oct 11 (Reuters) – South African enterprise confidence fell in September in comparison with August, as retail gross sales and manufacturing output declined, knowledge confirmed on Monday.
The South African Chamber of Commerce and Trade’s (SACCI) month-to-month enterprise confidence index (BCI) was all the way down to 91.0 in September from 91.9 in August.
“Much less retail gross sales volumes, decrease manufacturing output and a decline in the true worth of constructing plans handed had been detrimental to the enterprise local weather in September 2021,” SACCI mentioned in an announcement.
“Power and water provide considerations and better gasoline costs had been additionally of main contributors to a cautious enterprise outlook. Safe power provide stays an important concern usually to the enterprise neighborhood.”
State energy agency Eskom, which has been mired in a monetary disaster, mentioned final week it could lengthen scheduled energy cuts till Thursday after a collection of extra faults at its coal-fired energy stations.
The facility cuts are making it tougher for the financial system, which suffered a steep contraction of 6.4% in 2020 because of the COVID-19 pandemic, to get better.
Reporting by Olivia Kumwenda-Mtambo Enhancing by Alexander Successful