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SACCI EXPECTATIONS ON MID-TERM BUDGET - PRESS RELEASE PDF Print E-mail
Monday, 19 October 2015 13:40

Mid-Term Budget Review 

In a statement issued today, the President of the South African chamber of Commerce and Industry (SACCI), Mr Vusi Khumalo, said
Quote:
In his mid-term budget speech a year ago, Minister Nene recognised a “turning point” as far as the South African economy was concerned. Now, he might well use the same phrase again, for, if anything, there has been some turn for the worse and those deficiencies of the economy which exercised his mind then, remain prevalent. The threat of a further decline in the country’s credit rating looms, while the unfavourable foreign exchange rate, an indifferently-performing industrial sector and the nadir reached by SACCI’s BCI, are all signs that the projected growth rate will be much on a par with, if not worse than, the 1,4% to which the Minister referred last year.

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SACCI COPPER THEFT BAROMETER - PRESS RELEASE PDF Print E-mail
Wednesday, 14 October 2015 15:53

SACCI COPPER THEFT BAROMETER: AUGUST 2015

The Copper Theft Barometer level increased to R14.30 million in August from R13.20 million in July 2015. The August figure is 9.16% higher than a month ago and 9.5% higher than a year ago. The Copper Theft Volume Indicator increased to 206.70 metric tons in August 2015 from 203.42 metric tons in July 2015.

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DAMPENED TRADE CONDITIONS - PRESS RELEASE PDF Print E-mail
Tuesday, 13 October 2015 11:30

Dampened Trade Conditions

Trade conditions continued to be in negative territory in September 2015, with the seasonally adjusted composite Trade Activity Index (TAI) measuring 46 compared to 47 in August 2015. The non-seasonally adjusted TAI remained at 46 and was two index points below the TAI of 48 in September 2014. There has been no easing in the tight conditions of households with debt remaining at about 78% of disposable income and real credit to households decreasing by 0.5% y/y. The possibility of higher interest rates is an inhibiting factor.

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BUSINESS CONFIDENCE INDEX - PRESS RELEASE PDF Print E-mail
Tuesday, 06 October 2015 11:30

Business Climate Externally Exposed


The SACCI Business Confidence Index (BCI) contracted to 81.6 in September 2015. After increasing to 87.9 in July 2015 and dipping to 84.3 in August 2015, the BCI lost another 2.7 index points in September 2015. The SACCI BCI has declined by 11.2 points since February 2015 (so far the peak in 2015) while the BCI is 7.6 index points lower than in September 2014.

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SACCI ELECTS A NEW BOARD - PRESS OFFICE PDF Print E-mail
Tuesday, 29 September 2015 14:11

SACCI ELECTS A NEW BOARD

In a statement issued today, the President of SACCI, Mr Vusi Khumalo said:

Quote:
At a successful Annual General Meeting that took place last week a new Board of the South African Chamber of Commerce and Industry for the period 2015 – 2017 was elected.
The new SACCI Board is:
Office Bearers:
Mr Vusi Khumalo - President
Mr Clive Mlu Manci - Immediate Past President

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