086 101 9218
[email protected]
Facebook
Twitter
LinkedIn
    MENUMENU
    • Home
    • About Us
    • News
      • Announcements
      • Breaking News
      • Business Development
      • City Of Joburg News
      • Crime Briefs
      • COVID-19
      • Energy
      • Events
      • Financial
      • Government
      • Hospitality & Tourism
      • Human Resources
      • Import/Export
      • Labour Law
      • Legal
      • Manufacturing
      • Marketing
      • Trade Opportunities
      • Property
      • SACCI News
      • Seychelles
      • Style
      • Member Offers
      • Technology
      • VIP Updates
    • Events
    • Trade Opportunities
      • Mauritius
      • Seychelles
      • Tender Bulletins
    • Certificates Of Origin
    • Benefits
    • Join Us
    • Members
      • Members Directory
      • Login/Register
    • Jobs
      • Jobs Available
      • Post A Job
      • Job Dashboard
    • Contact

SACCI April 2020 Trade Conditions Survey

14th May 2020Breaking News, SACCI NewsRCCI Admin

‘Locked Down’ Trade Environment 

In April 2020, the strict lockdown regulations owing to Covid-19 took effect and outpaced the recessionary economic conditions. Trade conditions were badly affected and called for extra-ordinary efforts by businesses to keep afloat. The seasonally adjusted Trade Activity Index (TAI) declined by 11 points to 26 in April 2020 while the seasonally adjusted Trade Expectations Index (TEI) dropped by 10 index points to 31 – well beyond recessionary conditions. On an annualised basis, the TAI declined by 12 index points between April 2019 and April 2020 while the six-month expectations index (TEI) decreased by 10 points over the year to April 2020.

Sales volumes and new orders plunged as 78% and 76% of the respondents respectively experienced adverse conditions in these important trade elements. The adverse effect on new vehicle sales in April (98% m/m decline) is an example of the notable impact the lockdown had on ‘non-essential’ trade. Supplier deliveries (minus 12 points) and inventories (minus 9 points) pointed towards the effect on stock and supplies breakdown.

Trade expectations for the next six months also plummeted by 10 index points as expectations for sales and new orders both contacted substantially. Supplier deliveries and inventories are also foreseen to deteriorate notably over the next six months. Both sales and input prices are expected to be under pressure but to remain above the 50 index mark.

Respondents from the property and rental market experience requests for payment and levy holidays while there is an increasing number of residential rental payment defaulters. Due to the lockdown, certain businesses and food processors have been closing owing to fixed overheads but with a rapid dwindling income. Respondents call for an end to the lockdown as they cannot afford to continue. Respondents accept a calculated but balanced risk to unlock the economy.

Although employment held up reasonably in March, employment decreased notably in April by the sub-index declining by 9 index points to 32 while employment opportunities for the next six months remains bleak as the sub-index declined by 8 points to 33. 

Released by the South African Chamber of Commerce and Industry at their offices in Illovo, Johannesburg.

Alan Mukoki   

SACCI CEO                                     Cell: 082 551 1159  

Richard Downing                                                               

Economist for SACCI                       Cell: 082 822 5566

Read the Business Confidence Index below:

Loader Loading…
EAD Logo Taking too long?
Reload Reload document
| Open Open in new tab

Download [292.84 KB]

Author: RCCI Admin

The Randburg Chamber of Commerce & Industry protects the interests of business in the region, promotes the private enterprise system and market-orientated approach with equal opportunities for all.

Tweet
Pin
Share
0 Shares
Previous post President Cyril Ramaphosa: South Africa’s response to Coronavirus COVID-19 pandemic Next post These 7 Things Will Make Or Break Your Website During This Crisis

RCCI (Head Office)

Unit G8 Atrium Terraces 272 Oak Avenue Randburg Gauteng 2194 South Africa
086 101 9218
086 212 4407
[email protected]
Advertise

Find out more about our events or promote your own event: events@rcci.co.za
 
Facebook
Twitter
LinkedIn
YouTube
RSS

Latest News

  • Disaster Management Act: Regulations: Alert level 1 during Coronavirus COVID-19 lockdown
  • You’ve been challenged…
  • Was There Enough in the Budget to Help Business Growth?
  • 2021 Budget Speech Highlights
  • 2021 Budget Speech

Subscribe
To Our Mailing List

Subscribe

Upcoming Events

  1. NWU 2021 Virtual Career Fairs

    Mar 9 @ 8:00 am - Mar 26 @ 5:00 pm
  2. Leading In A Time Of Crisis – Virtual Event

    Mar 11 @ 5:00 pm - 6:00 pm
  3. Leading In A Time Of Crisis – Virtual Event

    Mar 16 @ 4:00 pm - 5:00 pm
  4. SOURCING Taiwan Machinery & Machine Alliance Online Event – 31 March 2021

    Mar 31 @ 9:00 am - 10:00 am

View All Events

Copyright © 2021 Randburg Chamber of Commerce and Industry · Privacy Policy · Terms and Conditions · Contact Us
Change Location
To find awesome listings near you!
COVID-19 OFFICIAL LINK https://sacoronavirus.co.za/