Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South AfricaSouth Africa SACCI Business Confidence fell to 134.3 in August 2026
FMPMonthlyReleased October 2026
South Africa SACCI Business Confidence fell to 134.3 in August 2026, released October 2026, down 0.8 from July's 135.1 reading. The print exceeded the 124 consensus by 10.3. The print is running well above the 12-month average of 126.82. Over the past 3 months, SACCI Business Confidence averaged 123.5, vs 123.6 in the prior 3-month window. The reading is in the 93rd percentile of the trailing 24-month range.
Latest Release
134.3
Actual
124
Consensus
135.1
Previous
Median Absolute Error
±4.96
across last 12 releases
Last Call
Oct 2026
Predicted: 123.25
Actual: 134.3
Error: -11.05
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| XAU/USD | ▲ Direct | +0.82 | COMMODITIES | Moves with | → View |
| BTC/USD | ▼ Inverse | −0.80 | CRYPTO | Moves against | → View |
| EUR/USD | ▲ Direct | +0.70 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
SACCI Business Confidence (South Africa) was reported at 134.30 in October 2026. This beat the market consensus of 124.00 by 10.30. The reading fell from the previous value of 135.10. Trailing 12-month context per ETL data through October 2026.
WHY IT MATTERS
The trailing three releases averaged 127.13, up from the prior three at 126.03. In October readings over the past 3 years, SACCI Business Confidence has averaged 121.73.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with XAU/USD (Bullish XAU). A secondary relationship exists with BTC/USD, negatively correlated (Bearish BTC). Over the last 12 releases, the Sigmacast model's median absolute error is 4.96.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Unemployment Rate (Nov 10).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
SHARE
SACCI Business Confidence - ZA
Loading chart data...
About SACCI Business Confidence — South Africa
DEFINITION
SACCI Business Confidence is a widely recognized financial indicator that measures the overall sentiment and outlook of businesses in South Africa. It is based on a survey of business leaders and provides valuable insights into the current and future economic conditions of the country. This indicator is closely monitored by investors, policymakers, and analysts as it can indicate potential changes in business activity and economic growth. A high SACCI Business Confidence reading is typically associated with a strong and stable economy, while a low reading may signal potential challenges or downturns.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Sep 2026): actual 135.1, consensus 123.3. Prior reading (Jun 2026): 125.4. Before that (Jun 2026): 123.5.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with XAU/USD (Bullish XAU, r=0.82) — a useful reference for commodities-focused traders.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP
Economic Calendar - ZA Events
| Friday, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 11:00 | ZA | Budget Balance | -22.1 | 19.95 | -80 | -51.05 | Low |
| 12:00 | ZA | Balance of Trade | 19.8 | 18.97 | 25.4 | 22.60 | Medium |
| 12:15 | ZA | Budget Balance | -22.1 | 19.95 | -80 | -51.05 | Low |
| Monday, November 2, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 09:00 | ZA | ABSA Manufacturing PMI | 50.7 | 50.5 | 49.40 | Low | |
| 12:15 | ZA | Total Vehicle Sales | 61.65 | 64 | 64.00 | Low | |