Strained Trade Conditions In line with the recessionary conditions since the 3rd quarter of 2019, the SACCI Trade Conditions Survey in February 2020 confirmed flattening trade activity. Real activity in the wholesale, retail trade, hotels and restaurants experienced zero growth in 2019 and even declined by 0.3% year-on-year in the 4th quarter 2019. Trade conditions deteriorated…
Today, SACCI President, Adv Mtho Xulu led a successful delegation of the Board and Council members of SACCI in a strategic meeting with the GCEO of Eskom, Mr Andre de Ruyter. Randburg Chamber CEO, Linda Blackbeard, our Past President, Mr Neil Pollock, who is currently the Vice President of SACCI, were proud to be amongst…
SACCI Media Release Thursday 27 February 2020 SACCI Media Statement on the Budget Speech The South African Chamber of Commerce and Industry (SACCI), notes the budget speech presented by Minister Mboweni. Whilst we acknowledge the tough economic times faced by South Africa, we think this speech missed a critically important opportunity to re-imagine the future…
The South African Chamber of Commerce and Industry notes and welcomes the President’s remarks in his 2020 State of the Nation address. We look forward to working with the President and his team in many of the major initiatives announced in his speech. SA’s major challenges in the area of affordable and consistent energy availability…
Tight Trade Conditions Stabilise Trade conditions remained tight in January 2020 with 57% of the respondents experiencing negative conditions while 54% of the respondents expect conditions to remain depressed in the next six months. The seasonally adjusted Trade Activity Index (TAI) recorded 43 – down one index point, while the Trade Expectations Index (TEI) remained…
Trade Conditions Remain Tight Trade conditions remained in negative territory in December 2019, but the seasonally adjusted Trade Activity Index (TAI) improved marginally to 44 – up by one index point and still below the 50-index level of unchanged conditions. Expectations for the next six months look better than the December trade conditions with the…
SACCI PRESS RELEASE – BUSINESS CONFIDENCE INDEX (BCI) FOR DECEMBER 2019 Lack Luster Business Confidence in December Although the BCI remained virtually unchanged at 93.1 in December 2019 if compared to 92.7 in November 2019, the BCI was 2.1 index points below the level of 95.2 in December 2018. The BCI declined from an average…
Trade Expectations Weaken Trade conditions remained subdued in November 2019 and in negative territory. The seasonally adjusted Trade Activity Index (TAI), as a measure of recent trade conditions, improved slightly by one point to 43 in November 2019. Over the next six months trade is expected to decline with the seasonally adjusted Trade Expectations Index…
Yesterday, along with many people, my blood boiled at the stage 6 outage and the drastic effects on our economy. I promised action on my Facebook and didn’t need to say much to encourage the press release of a media statement by our CEO of the South African Chamber of Commerce (SACCI). They were already…
Business Confidence Remains Rigid The SACCI BCI (2015 = 100) remained sensitive to the instability in the business climate, both domestically and internationally. After declining by 0.7 index points in October 2019, the BCI appears to crept upward in November 2019. The index improved by 1.0 index points on October to reach 92.7 in November 2019. The…
The Bureau of Economic Research and RMB’s Business Confidence Index comes out on 27th November and according to many commentators, it is expected to tell of more bad news. Alan Mukoki, CEO of the South African Chamber of Commerce and Industry joins CNBC Africa for more.
Thursday 21 November 2019 The South African Chamber of Commerce and Industry (SACCI), welcomes the appointment of Mr. Andre de Ruyter as part of the Eskom board’s attempt to stabilize the executive team at Eskom. The power utility poses the biggest risk to SA’s economy and every effort should be made to fix the problems…
SACCI Press Release Thursday, 14 November 2019 Less Optimal Trade Conditions Continue Trade conditions remained stable in October 2019 but still subdued, i.e. an index level below 50. The seasonally adjusted Trade Activity Index (TAI) that reflects present conditions, improved to 42 in October – up from 40 in September 2019. Trade conditions are also…
SACCI’s BCI (2015 = 100) shed 0.7 index points in October 2019 to measure 91.7 compared to 92.4 in September 2019. After dipping below the 90-index level in August 2019, the BCI managed to stay above the 90-index level in October. The BCI is 4.1 points below last year’s October level of 95.8. Between September and…
BUSA instituted review proceedings on two occasions in the Labour Court to set aside the regulations but the most recent application pertaining to the re-promulgation of the Regulation 4(4) was dismissed last year. BUSA subsequently launched an appeal against the judgment of the Labour Court. The appeal was heard in the Johannesburg Labour Appeal Court on…
SACCI PRESS RELEASE – BUSINESS CONFIDENCE INDEX (BCI) FOR SEPTEMBER 2019 A Window of Opportunity SACCI’s BCI (2015 = 100) recovered from 89.1 index points in August 2019 to 92.4 in September. The BCI improved by 3.3 index points in September from August, but was still 0.9 points below the BCI level of September 2018. The…
Wednesday, 18 September 2019 Slightly Improved Trade Expectations Trade conditions improved marginally in August 2019 although conditions remained tough. Expectations for the next six months suggest further improvement of present trade conditions. The Trade Activity Index (TAI) increased by 2 index points from 40 to 42 and the Trade Expectations Index (TEI) improved by 4…
Media StatementIssued by the Ministry of Police09 September 2019 POLICE MINISTER GENERAL BHEKI CELE ALLAYS THE CONCERNS OF THE COUNTRY’S BUSINESS COMMUNITY IN THE WAKE OF MASS VIOLENCE AND DESTRUCTION IN GAUTENG Minister of Police General Bheki Cele on Monday 09 September 2019 met with executives of South African multinational companies concerned about the acts…
SACCI Press Release – Trade Conditions Survey – July 2019 Wednesday, 14 August 2019 SACCI Press Release Trade Conditions Strained but Stable Trade conditions for the month of July 2019 remained strained but stable. The Trade Activity Index (TAI) increased by 2 index points to 40, its second highest level since February 2019; the…
This is an interview of our CEO of SACCI , Mr Alan Mukoki, on the Karima Brown’s The Fix Show : ENCA Channel 403 on “How Municipalities are crippling South African businesses”. Giving some home truth and saying what needs to be said for positive action that needs to be taken. Our chamber strongly supports the views…
Nedlac has established a task team within the Trade & Industry Chamber to engage on the draft Companies Amendment Bill. BUSA has assembled a task team to represent BUSA in the task team’s engagements. Attached is a draft BUSA position to inform the deliberations of the task team following mandating from the economic policy standing…
SACCI PRESS RELEASE – BUSINESS CONFIDENCE INDEX (BCI) FOR MAY 2019 Marginally lower Business Confidence SACCI’s Business Confidence Index (BCI) declined to 93.0 in May 2019 from 93.7 in April 2019 and was also one index point lower than the 94.0 level in May 2018. The May 2019 BCI level of 93.0 indicates that the business…
Media Release Thursday 30 May 2019 SACCI Statement – Reaction to the New Cabinet SACCI welcomes the appointment of the new cabinet by President Ramaphosa. We acknowledge the statement made by the President at the event that growing the economy and fixing constraints of the country’s public finances ranked highest and were top of mind in…
Media Release Thursday 30 May 2019 SACCI statement on the BUSA petition to the National Assembly for the removal of Adv Mkhwebane as the Public Protector. We have read with concern, BUSA’s statement to petition the National Assembly for the removal of Advocate Busisiwe Mkhwebane from the position of Public Protector. This action by BUSA has…
For your information, please find attached a presentation delivered by BUSA to the Nedlac Public Finance & Monetary Policy Chamber (PFMPC) meeting yesterday, which outlines BUSA’s position on the key public finance risks and outlines proposed themes for engagement between social partners at Nedlac. Engagements on fiscal policy are ongoing in the context of the…