The South African Chamber of Commerce and Industry (SACCI) business confidence index climbed to 132.3 in November 2025, the highest since July 2011, from 13.8 in the prior month. The main driver was a sharp increase in overseas tourist numbers. Nevertheless, the chamber cautioned that the November data should be interpreted carefully, noting that some key physical economic activities remain lagging, reflecting a slow-growing economy in need of stronger investor confidence and fixed investment. “The current BCI level may, however, inspire structural economic policy adjustments that could attract local and foreign capital to support higher economic growth, employment and inclusion to share in value added and wealth creation,” Sacci concluded.