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TRADE CONDITIONS SURVEY - PRESS RELEASE PDF Print E-mail
Tuesday, 15 August 2017 11:30

Cautious Trade Prospects


The SACCI Trade Conditions Survey Trade Activity Index (TAI) at 47 for July 2017 reflects reserved trade conditions with the TAI still below 50. The seasonally adjusted TAI, however, improved by a further two index points to 51 in July from 49 in June 2017 and was also 3 points higher than in July 2016.

Since March 2017, the seasonally adjusted Trade Expectations Index (TEI) decreased by 11 index points after the index reached a high of 61 in February 2017. The seasonally adjusted Trade Expectations Index (TEI) like the TAI also measured 50 in July compared to 52 in July 2016. The slow growing economy is leaving its mark on trade conditions while challenging economic expectations continue to depress trade prospects.

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BUSINESS CONFIDENCE INDEX - PRESS RELEASE PDF Print E-mail
Tuesday, 08 August 2017 11:30

Business Confidence Endure

SACCI’s Business Confidence Index recorded the highest level since February 2017 and continues regaining lost ground after replacing the Minister of Finance at the end of March 2017. Business confidence, although still relatively low, remains sensitive to political and uncertain economic policy positions.

At 95.3 in July 2017, the BCI was 0.7 index point below last year’s July level and 0.4 index point up on last month. Certainty about workable economic approaches could contribute to improve business confidence and especially investor confidence.

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BUSINESS CONFIDENCE INDEX - PRESS RELEASE PDF Print E-mail
Thursday, 06 July 2017 11:30

Business Confidence Persevere

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SACCI’s Business Confidence Index picked up by 1.7 index points to 94.9 in June 2017 from 93.2 in May 2017. Given an unpredictable economic and political situation, business remained resilient and proved perseverant. In June 2017, the BCI was 0.2 index points below last year’s June level of 95.1.

The SACCI’s Business Confidence Index (BCI) at present is informed by deliberations on economic policy that could adversely affect investor and business confidence. This could cause the economy to stutter further while battling recessionary conditions and could have lasting effects on unemployment, income distribution and rising poverty. A realistic approach that enhances the outlook for the private sector and its ability to mobilise capital could turn the economy away from faltering further.

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MINIBUS TAXI PROTEST - PRESS RELEASE PDF Print E-mail
Thursday, 15 June 2017 14:16

MEDIA STATEMENT ON THE MINIBUS TAXI PROTEST


Minibus taxi drivers today staged a protest on all major Gauteng routes from the early hours of the morning. This created unprecedented chaos and disruption to the daily commute of all Gauteng commuters.

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BUSINESS CONFIDENCE INDEX - PRESS RELEASE PDF Print E-mail
Wednesday, 07 June 2017 11:29

Tentative Business Climate

Heightened political tensions, additional economic policy uncertainty and lower credit ratings by rating agencies that converged towards the end of March 2017, continued to effect the business climate negatively in May 2017. The May 2017 SACCI Business Confidence Index (BCI) consequently declined to the lowest level of 93.2 so far in 2017. The BCI declined by 1.7 index point from 94.9 in April 2017. However, the May 2017 BCI is 1.4 index points higher than the exceptional low 91.8 of May 2016.

The SACCI Business Confidence Index (BCI) for May 2017 is reflecting further negative effects of the developments since the end of March 2017 as more sub-indices now capture the negative impacts.

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