South Africa's business confidence rises in January

Business confidence in South Africa rose in January from the prior month, helped by higher commodity prices and an increase in new vehicle sales, a survey showed on Tuesday. The South African Chamber of Commerce and Industry's (SACCI) monthly business confidence index (BCI) rose to 97.7 in January from 93.8 in December. SACCI said it expected conditions that could boost business confidence and attract investment and economic growth.