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BUSINESS CONFIDENCE INDEX - PRESS RELEASE PDF Print E-mail
Tuesday, 03 March 2015 11:29

Indecisive Business Climate

In February 2015, SACCI’s Business Confidence Index (BCI) accelerated surprisingly by 3.5 index points to 92.8 from 89.3 in January 2015 and follows on the 1.0 index point increase in January 2015.  Rather than broad based, the marked increase of the BCI can be ascribed to more specific developments.  Whether an increase in business confidence will generally be supported by economic and business conditions in 2015 is still uncertain.

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SACCI REACTION TO THE STATE OF THE NATION ADDRESS - PRESS RELEASE PDF Print E-mail
Friday, 13 February 2015 12:29

SACCI REACTION TO THE STATE OF THE NATION ADDRESS

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

QUOTE:
The South African Chamber of Commerce and Industry (SACCI) welcomes the positive tone of the State of the Nation Address delivered by President Zuma.
SACCI is pleased to note that the nine point plan to ignite growth and create jobs includes actions that it believes will provide the impetus that South Africa so badly needs.  The SME sector can play a pivotal role in achieving the successful implementation of the initiatives. SACCI appeals to government to engage stakeholders, specifically business, to assist in the execution of the programmes.
It is encouraging to note that resolving the energy crunch is regarded as the top priority. But it is regrettable that even the short term initiatives are unlikely to deliver early results. Without solutions to the electricity crisis, successful implementation of the other priorities will not be possible in the short to medium term.  

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TRADE CONDITION SURVEY - PRESS RELEASE PDF Print E-mail
Wednesday, 11 February 2015 11:50

Trade Conditions Surprise in January 2015

Trade conditions moved further ahead in January 2015 after performing better than anticipated since October 2014.  The seasonally adjusted Trade Activity Index (TAI) increased by 6 index points and moved further into positive area to 62 in January from 56 in December 2014.  The non-seasonally adjusted TAI was 11 points higher than in December 2014 and 13 points above January 2014.

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SACCI SONA EXPECTATIONS 2015 - PRESS RELEASE PDF Print E-mail
Press Office
Tuesday, 10 February 2015 15:07

SACCI SONA EXPECTATIONS 2015

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

QUOTE:
The South African Chamber of Commerce and Industry (SACCI) looks forward to the State of the Nation Address (SONA) as an important opportunity for President Jacob Zuma to respond to urgent economic concerns in the country. SONA should provide an indication of the policy imperatives of Government for the forthcoming year. There are several challenges that threaten economic stability that have to be dealt with as priorities over the next several months. The Business community is yearning to assist government in finding solutions to these challenges. SACCI trusts that the role of the private sector in addressing national impediments to economic growth, job creation and poverty alleviation will be a central theme of the State President’s address.

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BUSINESS CONFIDENCE INDEX - PRESS RELEASE PDF Print E-mail
Thursday, 05 February 2015 11:30

Business Confidence Muddling On

The SACCI Business Confidence Index (BCI) for January 2015 was released this morning at a press conference at the SACCI Offices in Rosebank, Johannesburg.

SACCI’s Business Confidence Index (BCI) rose by 1.0 index point in January 2015 to 89.3 from 88.3 in December 2014.  The January 2015 BCI level is the slowest start to the SACCI BCI over the last 18 years since the 89.2 in January 1997 and does not project an improved state of affairs for the business mood in 2015.     
       
The improvement in the BCI in November 2014 appeared to be a random increase as suggested by the return to levels below 90 in December 2014 and January 2015.  The potential for serious disruptions of the economy and business are already present and will not only restrain economic activity, but may set the economy on an indifferent course in 2015.

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