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…
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…