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OPERATIONS

The highest authority in SACCI is the Annual Convention, where all categories of members determine the broad policy of the chamber by means of Convention resolutions. Provincial Congresses are held to enable constituent chambers to deliberate on regional/provincial issues and to identify matters that require national consideration.

The chamber movement maintains close contact with government at all levels – local, provincial and national.

SACCI is also represented directly on the various chambers of NEDLAC, (the National Economic Development and Labour Council), the national tripartite economic and social policy advisory body.

Government officials attend the SACCI Annual National Convention and provincial congresses, and participate in the debates. The resolutions of the Convention and congresses are conveyed to the government both by letter and by deputation. Meetings with Cabinet Ministers are held and interviews with officials take place regularly.

Government interacts with SACCI on issues that affect business, including proposed legislation. SACCI, in turn, consults its constituent chambers before submitting the matter firstly to the appropriate Standing Committee for discussion and report, and then preparing a considered comment.

 
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MISSION

To effectively protect and promote the interests of business.

OBJECTIVES

SACCI strives to:

  • ensure adequate protection of the interests of business
  • formulate the policy and viewpoint of business on key issues that affect it
  • influence constructively the environment in which business operates
  • help business to adapt to realities that cannot be changed
  • assist chambers in helping their members to grow their businesses and fulfil a leading role in their communities
  • promote the private enterprise system and market-orientated approach with equal opportunities for all
  • be the voice of business
 
RELEASE DATES-BCI AND TRADE CONDITIONS SURVEY PDF Print E-mail
Tuesday, 30 November 1999 02:00

The Release dates for the BCI and Trade Conditions Survey for April 2011:

Business Confience Index - 5 May 2011

Trade Conditions Survey-  12 May 2011

 
TRADE CONDITIONS SURVEY - PRESS RELEASE PDF Print E-mail
Tuesday, 30 November 1999 02:00

Trade Conditions Remain Volatile

Trade conditions are tighter since April 2012 after being more robust at the beginning of 2012.   The seasonally adjusted Trade Activity Index (TAI) lost a further 4 points in July 2012 to measure 45 – down from a high of 59 in March 2012.  In July last year the seasonally adjusted TAI stood at a low of 38 in a period marked by heightened and militant labour action.  The non-seasonally adjusted TAI dipped to 45 in July 2012 compared to 48 in June. 

Trade conditions are characterised by volatility ranging from optimism to negativity as data reflects an uncertain economic environment – notably with sales and new orders.  After recovering strongly to 64 and 58 respectively in May 2012, sales and new orders declined to 51 in June 2012 for each index and then to 45 each in July 2012.  In March 2012 these indices stood at 66 and 63 respectively.  The inventories index decreased to 45 from 50 in June 2012 while the supplier deliveries index declined to 42 from 44. 

Sales and input prices appear to be picking up as the sales price index rose to 57 from 55 and the input price index increased to 66 from 63 in June 2012.  Although price pressures were easing over the last four months, the cost pressures of especially administered prices are coming through despite weaker trade conditions that make it difficult to pass on rising costs.  Administered prices rose by an average of 10% over the last year.

Trade expectations (TEI) for six months hence have deteriorated as the expectations are focusing beyond the next festive season.  Notwithstanding the TEI increased to 61 in June from 57 in May and tapered off to 54 in July 2012, i.e. the lowest level this year.  The continuing uncertainty and expectations of a low performing economic environment will continue to weigh negatively on the trade outlook in coming months.

The six month outlook for the key components of trade activity also reflected volatile trade conditions.  After picking up in June, the sales and new order expectations indices decreased to 62 and 57 in July from 73 and 65 respectively.  The volatile conditions also led to expected lower inventory holdings.  Expected supplier deliveries are also under pressure and the index moved into negative territory registering 47. 

Employment conditions in the trade environment remained virtually unchanged during July 2012 as the index moved from 44 to 45 – still in negative territory.  The employment outlook index remained at 50 – better than last year’s July index of 46 when labour action was endemic.  The SACCI Annual Convention, on 4-5 October 2012, will address as its theme the challenge of job creation across all businesses and pay particular attention to SME financing and development as a significant means of facilitating job creation.

Released by the South African Chamber of Commerce and Industry at the SACCI offices in Rosebank, Johannesburg.

For more information, click here or contact:

Richard Downing                        Economist for SACCI       Phone: 011 - 446 3800

Neren Rau                                 SACCI CEO                       Cell: 082 822 5566

 
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