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TRADE CONDITIONS SURVEY - PRESS RELEASE PDF Print E-mail
Thursday, 11 May 2017 11:30

Sales Volumes under Pressure


Since October 2016 trade conditions remained in negative territory with the Trade Activity Index (TAI) below 50. In April 2017 the TAI weakened to 45 from 46 in March 2017 although the seasonal adjusted TAI improved by two index points to 45. Between April 2016 and April 2017 the TAI declined from 47 to 45.

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BUSINESS CONFIDENCE INDEX PRESS RELEASE PDF Print E-mail
Thursday, 04 May 2017 11:30

Elusive Business Climate

The April 2017 SACCI Business Confidence Index (BCI) contains sub-indices that instantly reacted to events at the end of March into April pertaining to political developments, policy uncertainty and lower credit ratings. However, nine of the thirteen sub-indices making up the BCI were still affected by the business climate prior to the referred events.

Positive developments in the economy therefore still informed the business climate in April 2017 and were vibrant enough to carry the positive business climate forward into April 2017. The SACCI BCI consequently improved by 1.1 index points to 94.9 in April 2017 from 93.8 in March 2017. The April 2017 BCI is 0.6 index points lower than in April 2016.

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TRADE CONDITIONS SURVEY - PRESS RELEASE PDF Print E-mail
Wednesday, 12 April 2017 12:00

Trade Expectations Weaken Notably


The seasonal adjusted six-month Trade Expectations Index (TEI) weakened notably and declined from 61 in February to 51 March 2017 – the weakest level since April 2016. The non-seasonal adjusted six-month Trade Expectations Index (TEI) weakened even more markedly and declined from 63 in February to 51 March 2017. The TEI was on a strong path of recovery from May 2016 up to February 2017. However, due to extraneous events, all components of trade expectations were severely and negatively affected in March 2017.
Forty four percent of the responses for the March 2017 Survey were received before the 24th of March 2017 recalling of the former Minister of Finance and subsequent replacement on the 31st of March 2017 in a Cabinet reshuffle. The March 2017 Survey may therefore not reflect the full short-term impact of the political developments of the last few days of March 2017. The subsequent downgrade to junk status by Standard and Poor’s and Fitch will also have longer-term repercussions for trade conditions.

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SACCI PRESIDENT REPLIES TO PIETERMARITZBURG CHAMBER OF BUSINESS - PRESS RELEASE PDF Print E-mail
Wednesday, 05 April 2017 16:49

SACCI President replies on behalf of Board to a Pietermaritzburg Chamber of Business (PCB) article in the Witness Newspaper of 4th April 2017.

We view the media crusade launched by Ms Veness and company as being very reckless, damaging and highly opportunistic. SACCI is a chamber mother body, which espouses values of openness, transparency and professionalism. These allegations are not coming through for the first time, when they first surfaced we invited the complainants as part of the engagement process to use the internal dispute resolution mechanism to put matters on the table.

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BUSINESS CONFIDENCE INDEX PRESS RELEASE PDF Print E-mail
Wednesday, 05 April 2017 13:35

Business Confidence under Pressure

The SACCI Business Confidence Index (BCI) pulled back by 1.7 index points to 93.8 in March 2017 from 95.5 in February 2017. This is the first month since November 2016 that the SACCI BCI declined year-on-year after it improved year-on-year for three consecutive months in December 2016, January and February 2017. The BCI is nearly four index points lower than the high of 97.7 in January 2017.
Towards the end of March, developments extraneous to the economy abruptly upset the momentum of further improving business confidence. The March 2017 SACCI BCI, however, does not yet capture the full impact of uncertainty that was created as these developments commenced on the 24th of March 2017 when the Minister of Finance was recalled from an overseas investment roadshow before relieved of responsibilities on the last day of March.

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