Press Office
Elections 2009 PDF Print E-mail
Thursday, 23 April 2009 11:25

SACCI Media Release
Thursday
23 April 2009

ELECTIONS 2009


In a media statement released this morning, the CEO of the South African Chamber of Commerce and Industry, Neren Rau, presented the following view on the elections of 22 April 2009:

“SACCI is pleased with the conduct of the elections of 22 April.  Although there were reported incidents of sporadic violence, shortages of ballot papers and ballot boxes, these did not seem to be widespread or co-ordinated. 

SACCI’s election observers found the IEC to be generally efficient and the stations observed were characterized by a positive atmosphere.  It is not just the right to vote but the context in which voting takes place that makes a citizen proud to be South African.  We anticipate a result that will be based on “free and fair” elections and that will be reflective of the will of the majority of South Africans.  These are essential prerequisites for the conduct of business and for favourable investor interest in South Africa.” 


ENDS

Contact person:

Neren Rau  SACCI CEO   083 701 2827

 
Transport Strike PDF Print E-mail
Wednesday, 08 April 2009 14:03

SACCI Media Release
08 April 2009

 

Transport Strike – Press Release


In a statement issued today, the CEO of SACCI, Mr. Neren Rau said

Quote

Although negotiations between employers and union representatives are still in progress and are supposedly close to resolution, strike action (in some cases associated with intimidation and damage to property) has taken place.

SACCI has sympathy with worker demands in these economically stressful times. But the action by transport workers particularly in certain vulnerable sectors smacks of exploiting a situation that stands to bring further hardship to all South Africans. Without doubt the strike will be damaging to business and consumers alike.  Having committed to minimizing retrenchments, business now finds itself in the untenable predicament of having to accommodate wage demands in a time when financial resources are greatly strained.

SACCI believes that the timing of this action is ill-chosen and its psychological effect will endure. The Chamber would again call on Union management to provide for a more responsible and disciplined approach towards strike action by their members and to ensure that intimidation and damage to property is condemned and subject to censure.

Ends

Contact persons

Bill Lacey  SACCI Economist                 011 446 3871
Neren Rau     SACCI CEO      083 701 2827

 
Stalled Confidence - SACCI's monthly BCI PDF Print E-mail
Wednesday, 08 April 2009 11:46

SACCI PRESS RELEASE

EMBARGO: 11:30 on 8 April 2009

STALLED CONFIDENCE

The SACCI Business Confidence Index (BCI) for March 2009 was released today.
 
The spike of 2.1 index points in February 2009 was overtaken by a decline of 5.6 index points in March 2009 to bring the SACCI Business Confidence Index (BCI) to 78.9.  The BCI dipped to a level last seen in March 2002 when the index stood at 78.1.

The positive movements in the sub-indices of the SACCI BCI in March 2009 were not convincing as these changes were either shallow or brought about by deliberate policy decisions.  All the other sub-indices contributed to restraining the BCI in March 2009.   The sub-indices on merchandise import and export volumes had notably negative impacts on the BCI’s movement in the first months of 2009. 

Low levels of consumer and business confidence and a relatively tight domestic monetary environment remained a feature of the South African business environment. It is now apparent that after four consecutive years in which annual growth had hovered around 5%, real growth in gross domestic product decelerated and measured only 3,1% in 2008. This trend is likely to continue and the real GDP is likely to further contract in the first quarter of 2009.  The SACCI Business Confidence Index declined by 4.9 points from December 2008 to March 2009 - reflecting the prevailing depressed business climate.

Following the meeting of the G20 countries in London, it was clear that an economic recovery will occur not solely because a business cycle trough has been reached, but because a number of measures were implemented to address structural economic weaknesses.  SACCI supports the view that developing countries will have to find their own measures to brace against the repercussions of the global financial crisis, despite radical proposals by G-20 countries.

Business confidence may only recover once the actions by governments are regarded as consistent and sustainable.

For more information contact:

Mr. Richard Downing  Economist for SACCI  082 822 5566
Mr. Neren Rau  SACCI CEO                   011 446 3800

Released by the South African Chamber of Commerce and Industry, Johannesburg
8 April 2009

 
Press release on NPA decision re the prosecution of Jacob Zuma PDF Print E-mail
Monday, 06 April 2009 13:27

SACCI Media Release
Monday
06 April 2009

NPA DECISION RE: THE PROSECUTION OF JACOB ZUMA


In a media statement released this morning, the CEO of the South African Chamber of Commerce and Industry, Neren Rau, presented the following view on the decision of the National Prosecuting Authority not to prosecute Jacob Zuma:


“SACCI is concerned about the disclosure and reasoning underlying the decision not to prosecute Jacob Zuma.  SACCI remains apolitical and does not hold a view for or against such a decision, however SACCI firmly holds the belief that such a decision must be soundly reasoned and that such reasoning must be fully disclosed.

Transparency in this process is essential to preserve confidence in the democratic process and in the institutions entrusted with upholding democracy.  The NPA must be perceived as independent, above reproach and free of the perception that it offers political solutions.  These are essential prerequisites for the conduct of business and for favourable investor interest in South Africa.” 

ENDS

Contact person:

Neren Rau  SACCI CEO   083 701 2827

The full NPA statement is available from SACCI at This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 
Press release - Quarterly review PDF Print E-mail
Thursday, 02 April 2009 12:05

SACCI Media Release
Thursday
02 April 2009

FIRST QUARTER SITUATION REPORT – PAIN AND STRAIN

At a media briefing held this morning, the CEO of the South African Chamber of Commerce and Industry, Neren Rau, presented a summary of the events that had overtaken the economy in the last two quarters.

In brief, the current economic downturn is illustrated by a number of depressed statistics and measures showing a steady decline in trade activity and business confidence. 

The briefing considered certain focus areas that have and continue to have an impact on business conditions. High among those are crime/corruption and various difficult labour circumstances. An attempt has been made to measure these various focus areas in what SACCI hopes will be an innovative method of comparing quarter-on-quarter trends. 

Contact person:
Neren Rau  SACCI CEO   083 701 2827

 
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