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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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IEC LOCAL GOVERNMENT RESULTS IN SOUTH AFRICA - PRESS CONFERENCE PDF Print E-mail
Monday, 08 August 2016 14:44


IEC LOCAL GOVERNMENT RESULT IN SOUTH AFRICA

The South African Chamber of Commerce and Industry (SACCI) would like to congratulate the Independent Electoral Commission (IEC) on the world class delivery of the 2016 Local Government Elections. The elections have been roundly accepted as free and fair. SACCI would further like to congratulate all the parties that participated in these elections and those who did well at the polls.

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BUSINESS CONFIDENCE INDEX - PRESS RELEASE PDF Print E-mail
Monday, 08 August 2016 11:30

Mending Business Confidence


The SACCI Business Confidence Index (BCI) recorded 96.0 in July 2016 compared to 95.1 in June 2016 – a monthly improvement of 0.9 index points. The July 2016 BCI was nonetheless 5.8 index points lower than in July 2015. The turnaround of the BCI in June and July might have stemmed the declining tide and lead to further improvements in business confidence.

There were marginally less impediments in the real business environment in July 2016 compared to June 2016 with five of the seven sub-indices improving month-on-month. The month-on-month financial climate also improved with three sub-indices improving in July 2016, two remaining unchanged and one declining. The annual BCI comparison does not indicate any material change in the subdued business climate in the real economy or the tight financial environment of a year ago.

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PETROLEUM SECTOR STRIKE IN SOUTH AFRICA- PRESS RELEASE PDF Print E-mail
Monday, 01 August 2016 16:51

PETROLEUM SECTOR STRIKE IN SOUTH AFRICA

The South African Chamber of Commerce and Industry (SACCI) notes with great concern the ongoing strike by the Chemical, Energy, Paper, Printing and Wood Allied Workers Union (CEPPWAWU).

SACCI further notes that the strike is due to a wage negotiation dispute over the quantum of the increase sought by the respective union. The strike will impact negatively on the economy in general. Businesses are mostly affected by the disruptions in the logistics value chain which is a critical component to many business operations.

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