SACCI Media Release November 2020 Trade Conditions Survey Economic Reality Dictates Trade Conditions Caution on Survey results: The lockdown process had an adverse effect on business with a number of respondents going out of business. The results should therefore be interpreted with the necessary circumspection. The improvement in trade conditions in October 2020 after easier…
Business Confidence Index: November 2020 Business Confidence Fragile, but Gradually Re-calibrating The business restrictions following the lockdown led to the BCI bottoming out to about 70 in May 2020 before bouncing back in June 2020 and then gradually regaining some lost ground to reach 93.4 in November 2020. Although 0.7 index points better than the…
Advocate Mtho Xulu, President of SACCI, spoke to Sally Burdett of eNCA on the “Role of Business in Boosting the Economy”.
Wednesday 28 October 2020 SACCI statement on Minister Mboweni’s MTBPS South African Chamber of Commerce and Industry (SACCI) notes the Medium Team Budget Policy Statement (MTBPS) delivered by Minister Tito Mboweni today. The MTBPS highlighted the well-known economic challenges facing our Nation. These challenges have been with us for a long period now and were…
Friday 16 October 2020 SACCI Response to Economic Reconstruction and Recovery Plan SACCI welcomes the Economic Reconstruction and Recovery Plan as announced by President Ramaphosa. We appreciate the President’s acknowledgement of the challenges faced by the economy, together with the elements that need urgent attention to set the economy on a positive trajectory. The elements…
Trade activity has improved in South Africa, with the seasonally adjusted Trade Activity Index (TAI) having measured 50 index points in September, implying that half of the respondents experienced better conditions than in August. Trade activity previously improved to 37 index points in July, and then to 41 index points in August and to 47…
SACCI Media Release July 2020 Trade Conditions Survey Recovering from Distorted Trade Conditions The continuing lockdown since March 2020 owing to Covid-19 deepened the recessionary economic conditions and further distorted trade conditions. The selected restrictive approach towards certain types of trade, especially during the hard lockdown period, had a serious effect on trade. The seasonally…
SACCI PRESS RELEASE – BUSINESS CONFIDENCE INDEX (BCI) FOR JULY 2020 Confidence beyond the trough Since the previous media release of the SACCI BCI in April 2020, the BCI slumped to 70.1 in May 2020, but recovered to 81.4 in June and to 82.8 in July 2020. Although the BCI was 12.7 index points up…
On Friday 03 June , the President of SACCI, Adv Mtho Xulu had a meeting with the Ambassador of the State of Qatar, H.E. Mr. Tariq Bin Ali Faraj Al-Ansari to update and strengthen the cooperation between the private sectors of the State of Qatar and the Republic of South Africa. Ranked as one of the world’s…
Compiled by Business for South Africa Community and relevant Informal Market Sector Bodies & Organisations. Please note attached one-page sector guidelines are now available for download on the Return to Work website at https://www.return2work.co.za/informal-sectors/. We have also attached PDF copies of the guidelines below as well as abbreviated versions of the guides that were designed for…
Below is the judgment handed down by the Pretoria High Court (the “Court”) on 3rd June 2020, declaring the Lockdown Alert Level 3, as read with the Lockdown Alert Level 4 Regulations, (the “Regulations”) unconstitutional and invalid. The Presidency media statement also appears below, for your information. In summary, the Court declared the Regulations unconstitutional…
SACCI President Adv. Mtho Xulu on SABC News calling for the expansion and diversification of critical sectors of the economy to create jobs. For the economy to bounce back from the COVID-19 shock, South Africa should deepen its manufacturing capacity to ensure greater economic independence. “For the new economy to be a reality, we expect…
Business Day SME Matters on Tuesday 19th May with SACCI President Adv. Mtho Xulu
Statement of the Monetary Policy Committee Assumptions Forecast Repo fan
The Tourism Industry Survey of South Africa: COVID-19: Impact, Mitigation and the Future may be accessed at the following link: http://documents.worldbank.org/curated/en/648261588959603840/pdf/Tourism-Industry-Survey-of-South-Africa-COVID-19.pdf The report was mentioned in the recent BUSA interaction with the World Bank Group on their Country Partnership Framework, and was published last Friday. The report is a joint publication of the Department of…
POSTPONEMENT OF ZOOM MEETING WITH THE MINISTERS OF TOURISM AND SMALL BUSINESSDEVELOPMENTLate yesterday SACCI was advised that a Command Council meeting has been called by the President MrCyril Ramaphosa which clashes with the Ministerial get together with business on Saturday 16th May at13:00. Much like the virus that adapts and mutates, we are living in…
‘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…
The Disaster Management Regulations allow for the operation of essential services. On 23 April 2020, the President further announced the gradual and phased approach to other business operations which will differ having regard to the applicable level of lockdown as declared by Government from time to time (Levels 1 to 5). Every employer will, during each…
Wednesday 29 April 2020 SACCI Media Statement on risk-adjusted approach to re-activating the economy, by testing returning employees. The South African Chamber of Commerce and Industry (SACCI) welcomes the continuous engagement between business, government and labour on the response to the level 4 opportunity to get the economy reactivated. President Ramaphosa has, together with health…
Media Statement on President Ramaphosa’ s address Friday 24 April 2020 The South African Chamber of Commerce and Industry (SACCI), welcomes President Ramaphosa’ s approach in finding a balance between a continuous mitigation against the Covid 19 pandemic, and the need to look at and consider a phased, risk-adjusted programme of re-entry into the economy….
SMME Clinic ‘s Debbie Tagg speaks with SACCI President Adv. Mtho Xulu around Business South Africa’s response to Covid-19 following President Ramaphoza’s announcement on 21 April 2020.
Africa Oil & Power 2020 is held in proud partnership with the South African Chamber of Commerce and Industry on September 15-17, 2020, uniting Africa’s investors and leaders in the oil and gas, power and downstream industries with South Africa’s business community. AOP 2020 highlights the importance of the Africa Continental Free Trade Area, the largest…
SACCI Media Statement on the new extended Lock Down and the need to allow certain business sectors to reopen. The South African Chamber of Commerce and Industry (SACCI), wishes to commend President Ramaphosa on his leadership and management of this crisis, in an attempt to flatten the curve of the infection rate of this Covid…
Business Climate – Uncharted Territory The Business Confidence Index (BCI) of SACCI decreased by 2.8 index points in March 2020 to 89.9 following on an uptick of 0.5 index points in February 2020. The BCI of March 2020 was 1.9 index points lower than the 91.8 of March 2019. The March decline is the sharpest month-on-month decrease…
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