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CONVENTION REPORT - PRESS RELEASE PDF Print E-mail
Thursday, 20 October 2016 16:17

The South African Chamber of Commerce and Industry (SACCI) Annual Convention 19-20 October 2016 report.

The SACCI annual convention consists of the AGM, the gala dinner and the conference. The 2016 AGM was an elective year for the new SACCI office-bearers. The election process was conducted by the IEC. Five new Directors were voted in and the new office bearers are:
1. Mr. Zeph Ndlovu (President)
2. Mr. Vusi Khumalo (Immediate Past-President)
3. Prof. Alwyn Louw (Deputy President)

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TRADE CONDITIONS SURVEY - PRESS RELEASE PDF Print E-mail
Wednesday, 12 October 2016 11:30


Tight but Steady Trade Conditions

The September 2016 SACCI trade survey points to steady but still tight trade conditions. The Trade Activity Index (TAI) improved further from the 49 in August 2016 to 51 in September 2016 while the seasonally adjusted TAI measured 52 – the same as in August 2016. The seasonally adjusted TAI was 5 points higher than in September 2015. Respondents raised less concerns than in August although delays and compliance costs of the regulatory environment, uneven application of regulations and some government inefficiencies are adding to trade challenges.

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PRESS RELEASE - NPA PDF Print E-mail
Tuesday, 11 October 2016 15:07


NPA Press Release

The South African Chamber of Commerce and Industry (SACCI) notes with concern the developments surrounding the Minister of Finance and other former SARS top officials regarding charges of fraud as announced by the head of the NPA at his media briefing earlier today.

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BUSINESS CONFIDENCE INDEX - PRESS RELEASE PDF Print E-mail
Wednesday, 05 October 2016 11:31

Business Confidence Muddling Through

The SACCI Business Confidence Index (BCI) lost 2.6 index points in September 2016 to measure 90.3 compared to 92.9 in August 2016. This figure for the BCI is 4.1 points below September 2015.
The BCI average of 93.1 in the 1st quarter of 2016 was followed in the 2nd quarter of 2016 by an increase of one index point to 94.1, and then in the 3rd quarter of 2016, the BCI average returned to 93.1. The business climate had a notably uneven course towards and since the end of 2015. This unpredictable and turbulent period had a significant negative impact on business confidence and the business mood. The consequence is that the BCI averaged a lower 93.4 for the first three quarters of 2016 – down by 7.7 index points from the average of 101.1 for BCI in the first three quarters of 2015.

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TRADE CONDITIONS SURVEY - PRESS RELEASE PDF Print E-mail
Wednesday, 14 September 2016 11:29

Mixed Signals to Trade Environment


According to the August 2016 SACCI trade survey, the Trade Activity Index (TAI) improved after the index contracted into negative terrain in June and July 2016. The TAI registered 49 in August 2016 compared to 44 in July 2016 while the seasonally adjusted TAI measured 52 – up from 47 in July 2016. The seasonally adjusted TAI was 3 points higher in August 2016 than the 49 of a year ago. Respondents cited political instability, low economic prospects, volatility of the currency, seasonal factors, and regulatory compliance costs as impeding the trade conditions. The successful completion of the local government elections and a return to normal business activity after the hectic election process were positive experiences. Lower profit margins and an unsatisfactory return on investment are consequences of the tight trade environment.

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