Leading and composite indicators · South Africa
South Africa SACCI Business Confidence
The South Africa SACCI Business Confidence combines several economic series for South Africa into one index meant to show where the economy is (coincident) or where it is heading (leading).
- Importance
- Low
- Released
- Quarterly
- Next release
- Currency
- ZAR · South African rand
- Central bank
- The South African Reserve Bank
Latest figures
The latest release for SEP, published on 19 October 2026, came in at 134.3, down from 135.1 the time before.
Over the last 12 releases it ranged from 123.5 to 135.1, averaging 129.4.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 19 Oct 2026 | SEP | 134.3 | – | 135.1 |
| 19 Oct 2026 | AUG | 135.1 | – | 123.5 |
| 18 Aug 2026 | JUL | 125.4 | – | 123.5 |
| 18 Aug 2026 | JUN | 123.5 | – | 124.1 |
| 11 Jun 2026 | MAY | 124.1 | – | 123.6 |
| 11 Jun 2026 | APR | 123.6 | – | 131.3 |
| 21 Apr 2026 | MAR | 131.3 | – | 134.6 |
| 21 Apr 2026 | FEB | 134.6 | – | 133.2 |
| 18 Feb 2026 | JAN | 131.4 | – | 133.2 |
| 18 Feb 2026 | DEC | 133.2 | – | 132.3 |
| 11 Dec 2025 | OCT | 123.8 | – | 121.1 |
| 11 Dec 2025 | NOV | 132.3 | – | 121.1 |
Why it matters
No single statistic is reliable; a composite gives an early, smoother signal of turning points in the business cycle.
How it is calculated
Components such as new orders, building permits, share prices, credit and jobless claims are standardised and averaged; the index is reported as a level and a change.
What changes mean
- Several months of decline in a leading index have often preceded recessions, with false alarms.
- Markets usually react little because most components are already known.
Higher than expected: A stronger figure than expected points to a healthier economy: it usually supports the South African rand and local stocks, and can push bond yields up.
Lower than expected: A weaker figure than expected points to slowing activity: the South African rand tends to soften and markets price in lower rates.
A short history
Wesley Mitchell and Arthur Burns at the National Bureau of Economic Research developed leading indicators in the 1930s; the Conference Board publishes the best-known US index today.
Questions
What is the South Africa SACCI Business Confidence?
The South Africa SACCI Business Confidence combines several economic series for South Africa into one index meant to show where the economy is (coincident) or where it is heading (leading).
What was the latest South Africa SACCI Business Confidence?
134.3 for SEP, published on 19 October 2026.
When is the next South Africa SACCI Business Confidence?
On Friday 11 December 2026.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.