Thursday 24 February 2022 The South African Chamber of Commerce and Industry (SACCI) notes the presentation on the budget speech by Minister Godongwana. We welcome the decision to increase the allocation of budgets to the justice and security clusters, infrastructure and education. SA’s problems remain largely its capability to manage resources at the most optimum…
SACCI Press Statement – SACCI response to President Ramaphosa’ s SONA The South African Chamber of Commerce and Industry (SACCI) welcomes the 2022 SONA, especially in its affirmation of the central role and importance of the private sector. A private sector led economy will finally set South Africa on a path of science-based planning, underpinned…
The South African Chamber of Commerce has noted the pronouncements made by the department of health on the discovery of the new Covid variant that has more mutations and is expected to be more transmissible. The Covid pandemic has had a devastating effect on businesses and the economy, leading to significant job losses and an…
South African businesses will breathe a sigh of relief when power cuts end, but what kind of an impact are power and water cuts having on businesses? SA Chamber of Commerce and Industry President Mtho Xulu discusses. Courtesy #DStv403#eNCA The RCCI supports the President of SACCI.
There’s no doubt that the lockdown restrictions have been necessary to prevent further Covid-19 infections and deaths. But lockdown has resulted in the country losing billions of rand in revenue. For more, #eNCA‘s Gareth Edwards speaks to President of the SA Chamber of Commerce and Industry, Mtho Xulu. Courtesy #DStv403
SACCI Media Statement Monday 12 July 2021 The South African Chamber of Commerce and Industry (SACCI) condemns in the strongest terms the looting of businesses, damage to property and intimidation and victimisation of people. Whilst the right to peaceful protest is one of the fundamental rights in our constitutional democracy, what we are experiencing now…
January 2021 Trade Conditions Survey Cautionary Note on Survey: The lockdown process had an adverse effect on business and a number of regular respondents went out of business. The results should therefore be interpreted with the necessary circumspection. The second wave of Covid-19 infections and the return to a more stringent lockdown in December 2020…
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…