South African business confidence remained robust in January, reflecting sustained optimism about the country’s economic trajectory under the coalition government, despite a slight dip from December’s high.

The South African Chamber of Commerce and Industry’s Business Confidence Index (ZABCI) stood at 120.0 in January, slightly lower than December’s 121.0 but still significantly above November’s 118.1, signaling continued business resilience.

According to SACCI, the index published every two months was supported by rising vehicle sales, increased tourist numbers, and greater import activity. Although lower export volumes posed a challenge, overall sentiment remained positive as businesses adjusted to the evolving economic landscape.

The coalition government, formed in June last year, has introduced new policies that have bolstered confidence in South Africa’s economic prospects. While geopolitical factors, including recent policy shifts by the U.S. administration, have introduced some uncertainty, business sentiment remains largely upbeat as the country continues to strengthen its economic foundations.

South Africa reaffirmed its commitment to navigating global challenges while advancing policies that support long-term growth, with businesses demonstrating resilience and confidence in the nation’s future.