Information
TRADE CONDITIONS SURVEY - PRESS RELEASE PDF Print E-mail
Wednesday, 15 March 2017 11:30

Strained Trade Conditions

The seasonal adjusted Trade Activity Index (TAI) remained on 46 in February 2017 – replicating the weaker trade conditions of January. The non-seasonally adjusted TAI was up to 48 from 45 in January 2017 with all the components of trade either positive or unchanged. The seasonally adjusted TAI of February 2017 was 4 points higher than the February 2016 seasonally adjusted TAI.

The year-on-year advances of trade conditions in December 2016, and January and February 2017, were rather due to dismal trade conditions at the end of 2015 and beginning of 2016 than recent decent trade conditions.

Read more...
 
BUSINESS CONFIDENCE INDEX PRESS RELEASE PDF Print E-mail
Wednesday, 08 March 2017 11:30

Business in Anticipation

SACCI today released the February 2017 SACCI Business Confidence Index (BCI) at its Offices in Rosebank, Johannesburg.
The SACCI Business Confidence Index (BCI) declined by 2.2 index points from 97.7 in January 2017 to 95.5 in February 2017. The index nevertheless improved by 2.8 points on the February 2016 level of 92.7 and it is the third successive month that the BCI improved on the year ago.

The improvement of the BCI over the last five months points towards the stabilisation of the business climate in South Africa caused by changing local and global economic and political circumstances. Although no ideal growth enhancing Budget, the Minister of Finance succeeded, under difficult circumstances, to remain within the expected framework. More progress in the management of public finance matters in particularly, should enhance economic prospects and widen the prospects for an improved business mood.

Read more...
 
SACCI REACTION TO THE 2017 BUDGET - PRESS RELEASE PDF Print E-mail
Wednesday, 22 February 2017 18:05

SACCI REACTION TO THE 2017 BUDGET


The Minister of Finance, the Honourable Mr Pravin Gordhan, delivered the Budget Speech on the 22nd of February 2017. The South African Chamber of Commerce and Industry (SACCI) welcomes that which under present difficult economic conditions is a measured and relatively balanced budget.

Whilst acknowledging the increased support to SMMEs and the continued increased budget allocations to the industrial and telecommunications infrastructure, we however wish to register our disappointment with the increase in general fuel (30c per litre) and the fuel levy (9c per litre). We believe this significant increase in the fuel costs will lead to inflationary pressure all-round as the increase in the fuel cost will have a negative impact in the entire ecosystem of cost of living.

Read more...
 
SACCI EXPECTATIONS OF THE BUDGET SPEECH 2017 - PRESS RELEASE PDF Print E-mail
Tuesday, 21 February 2017 13:59

SACCI EXPECTATIONS OF THE BUDGET 2017

The Minister of Finance, the Honourable Mr Pravin Gordhan, will be delivering the Budget Speech on the 22nd of February 2017. The 2017 Budget Speech is being delivered at a time South Africa is experiencing subdued economic growth, with the outlook for 2017 revised by the Reserve bank to 1.1% from a previous outlook of 1.2%.

The 2017 Budget Speech also comes at a time when the ruling party is approaching its national elective conference. The President has in recent times spoken about “radical economic transformation” and SACCI would like to see how “radical economic transformation” will be interpreted in the 2017 budget speech.

Read more...
 
TRADE CONDITIONS SURVEY - PRESS RELEASE PDF Print E-mail
Tuesday, 14 February 2017 11:30

Fragile Trade Conditions


The seasonal adjusted Trade Activity Index (TAI) declined from 53 in December 2016 to 46 in January 2017 – reflecting weaker trade conditions. The non-seasonally adjusted TAI was up to 45 from 44 in December 2016 and indicates the strong seasonal factor present in trade conditions – especially year-end.

The seasonally adjusted TAI of January 2017 was up by 6 index points from the dismal TAI of 40 of January 2016. The solid improvements in trade conditions sighted in December 2016 and January 2017 were due to the surprising and unfortunate economic developments that impacted negatively on trade conditions at the end of 2015 and beginning 2016.

Respondents to the January 2017 Survey indicated political uncertainty, community protests, unemployment, shortage in disposable income, slow economic growth and difficult export markets due to stronger rand, as the most amongst important matters negatively affecting trade. 

The sub-indices on new orders, sales volumes, supplier deliveries and the backlog on received orders improved in January 2017. The sales volumes index increased from 45 in December 2016 to 48 in January 2017 while new orders remained on 43. The inventory index declined from 48 to 44.

The sales and input price indices both eased slightly in January 2017. Inflationary expectations remained unchanged but high at 67 and 74 respectively for sales and input prices.

The Trade Expectations Index (TEI), on 59 index points in January 2017, remained in positive terrain. Although expectations do not have a strong seasonal factor, the seasonally adjusted Trade Expectations Index improved from 55 in December 2016 to 59 in January 2017. Expectations on sales, new orders, supplies and inventories all were in positive territory and at 55 index points or higher.

The employment sub-index declined further to 44 from 45 in December 2016. The six-month employment prospects, however, improved slightly from 48 to 49, but remained in negative territory. The national minimum wage did not appear to affect the January 2017 results.

For more information and infographic, click here
Alan Mukoki
SACCI CEO Cell: 082 551 1159
Richard Downing
Economist for SACCI Cell: 082 822 5566

 
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Page 1 of 67
http://www.c-404-find.net/