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SACCI'S RESPONSE TO THE PRESIDENT DECISION ON THE FINANCE PORTFOLIO - PRESS RELEASE PDF Print E-mail
Thursday, 10 December 2015 12:18


SACCI'S RESPONSE TO THE PRESIDENTS DECISION ON THE FINANCE PORTFOLIO

The South African Chamber of Commerce and Industry (SACCI) notes with concern President Zuma’s removal of Finance Minister, Nene. Mr Nene had begun to find his feet after 18 months in the post and brought with him a number of years’ experience as Deputy Finance Minister.

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TRADE CONDITIONS SURVEY - PRESS RELEASE PDF Print E-mail
Thursday, 10 December 2015 11:30

Trade Conditions Stay Under Pressure


Trade conditions came under further pressure in November 2015 as the seasonally adjusted (sa) composite Trade Activity Index (TAI) measured 42 compared to 47 in October 2015. The November 2014 sa TAI stood at 61 reflecting usual high volumes of business-to-business trade this time of year before closing for the holiday period.

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BUSINESS CONFIDENCE INDEX - PRESS RELEASE PDF Print E-mail
Thursday, 03 December 2015 11:30

Business Confidence Hesitant

SACCI today released the SACCI Business Confidence Index (BCI) for November 2015 at their Offices in Rosebank, Johannesburg.
The SACCI BCI shed 5.7 index points in November 2015 to register 82.7 and is 8.1 points below the BCI of November 2014. The BCI is finding it difficult to break from the 80 to 85 range. The November BCI confirms that the business environment and economic policy need consistency and long-term commitment to bring about a meaningful turnaround.

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TRADE CONDITIONS SURVEY - PRESS RELEASE PDF Print E-mail
Wednesday, 11 November 2015 11:30

Weak Outlook for Trade Conditions


Though trade conditions improved marginally on September 2015, October 2015 still bordered on positive territory with the seasonally adjusted composite Trade Activity Index (TAI) measuring 47 compared to 46 in September 2015. In 2014, the October reading was 54.

The non-seasonally adjusted TAI improved to 49 and was eight points below the TAI of 57 in October 2014. All types of trade were under pressure although real merchandise exports lately spiked while retail trade volumes increased close to 4%. At current prices, mineral sales were 1.5% y/y while manufacturing sales slightly increased by 2.1%. Local sales volumes of new vehicles and vehicle exports declined notably in October. Rising interest rates and the volatile rand exchange rate could further constrain trade.

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AGOA, THREAT BY THE USA - PRESS RELEASE PDF Print E-mail
Friday, 06 November 2015 15:51
AGOA - Threat by the USA
In a statement issued today a spokesperson of the South African chamber of Commerce and Industry (SACCI) said:
Quote: 
End of the Road for South Africa and AGOA or Light at the end of the Tunnel?
The South African Chamber of Commerce and Industry is very concerned by the statement made by the President of the United States that serious consideration is being given to excluding South Africa from several AGOA benefits with an ultimatum of 60 days being given to address the impasse over chicken imports. This is contrary to the assurances that Minister Davies gave to the country on 11 October that its renewal was on track.
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