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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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BUSINESS CONFIDENCE INDEX - PRESS RELEASE PDF Print E-mail
Wednesday, 07 September 2016 11:30

Disrupting the Business Climate 


SACCI today released the SACCI Business Confidence Index (BCI) for August 2016 at its Offices in Rosebank, Johannesburg.
The SACCI Business Confidence Index (BCI) declined from the 96.0 of July 2016 and recorded 92.9 in August 2016. This level represents a decline of 3.1 index points from last month BCI and was 4.7 index points lower than in August 2015. Events beyond normal economic activity and business matters disrupted the turnaround in June and July 2016.

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TRADE CONDITIONS SURVEY - PRESS RELEASE PDF Print E-mail
Monday, 15 August 2016 11:30

Tight and Subdued Trade Conditions


After trade conditions pulled back into negative territory in June 2016, the monthly SACCI Trade Activity Index (TAI) survey contracted further into negative space. The TAI registered 44 in July 2016 while the seasonally adjusted TAI measured 47 – down from 51 in June 2016. The seasonally adjusted TAI was 1 point lower in July 2016 than the 48 in July 2015. Respondents cited the decline in economic activity, the predicament of notably small- and medium-sized businesses, the influence of trade unions, and a non-committal approach by government to pro-business policies. The strain led to muted return on assets, and sharp declines in profit margins as consequences of the tight trade environment.

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