FX.co ★ South Africa Business Sentiment Weakens to 5-Month Low: SACCI

The South African Chamber of Commerce and Industry (SACCI) Business Confidence Index declined to 131.3 in March 2026 — its lowest level since October of the previous year — from 134.6 in February. The drop came amid surging energy costs and heightened uncertainty over trade conditions following the conflict in the Middle East. Contributing factors included a weaker and more volatile rand, lower share prices on the JSE, falling precious metal prices, and a reduction in merchandise import volumes. These pressures were partially offset by stronger new vehicle sales and a rise in tourist arrivals over the festive season.