South Africa: Business Sentiment Up to 4-Month High: SACCI.

The South African Chamber of Commerce and Industry (SACCI) business confidence index rose to 125.4 in July 2026, the highest reading since March, up from 123.5 in the prior month. Higher new vehicle sales, stronger merchandise export volumes and lower energy prices supported the improvement, while higher inflation and lower precious metal prices weighed on business confidence. Sacci added that the number of foreign travellers to South Africa remained a positive factor despite short-term instability linked to the Middle East conflict.