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SACCI'S RESPONSE TO THE PRESIDENTS DECISION TO RESHUFFLE THE CABINET - PRESS RELEASE PDF Print E-mail
Friday, 31 March 2017 13:03


SACCI'S RESPONSE TO THE PRESIDENTS DECISION TO RESHUFFLE THE CABINET

As the South African Chamber of Commerce and Industry (SACCI) we have received the news of the Cabinet Reshuffle with concern, especially at a time when speculation was rife about the pending changes in the National Treasury.

Although it is a presidential prerogative for the president to deploy his ministers accordingly, we as business strongly believe that some measure of prudence is exercised to avoid the subsequent knock-on effect such decisions are likely to have on the economy of our country. On the political front it is our call as business formation that there be cooperative partnership in managing sensitivities that may adversely impact our risk profile in international markets.

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SOUTH AFRICA MOURNS THE PASSING OF AHMED KATHRADA - PRESS RELEASE PDF Print E-mail
Tuesday, 28 March 2017 16:21

SOUTH AFRICA MOURNS THE PASSING OF AHMED KATHRADA


The South African Chamber of Commerce and Industry (SACCI) has learned of the news of the death of freedom stalwart Mr Ahmed Kathrada and would like to extend its heartfelt condolences to the family and friends of Mr. Kathrada.

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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.

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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.

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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.

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