The RMB/BER business confidence index in South Africa rose to 47 in Q1 2026, the highest since Q2 2021, from 44 in the previous quarter.
The survey revealed that sentiment improved amid a stable government, supportive interest rate environment and favorable exchange rate movements, despite geopolitical concerns. “A sustained improvement in confidence will ultimately depend on stronger demand, continued policy credibility and progress on structural reforms. For now, sentiment is improving but translating that into durable growth remains the key test for 2026,” said Isaah Mhlanga, chief economist at RMB.
