SACCI news

SACCI Media Release                                                              November 2020 Trade Conditions Survey Economic Reality Dictates Trade Conditions  Caution on Survey results: The lockdown process had an adverse effect on business with a number of respondents going out of business. The results should therefore be interpreted with the necessary circumspection. The improvement in trade conditions in October 2020 after easier…

Business Confidence Index: November 2020 Business Confidence Fragile, but Gradually Re-calibrating The business restrictions following the lockdown led to the BCI bottoming out to about 70 in May 2020 before bouncing back in June 2020 and then gradually regaining some lost ground to reach 93.4 in November 2020. Although 0.7 index points better than the…

Advocate Mtho Xulu, President of SACCI, spoke to Sally Burdett of eNCA on the “Role of Business in Boosting the Economy”. The post Advocate Mtho Xulu : President of SACCI on eNCA appeared first on Randburg Chamber of Commerce and Industry.

Wednesday 28 October 2020 SACCI statement on Minister Mboweni’s MTBPS South African Chamber of Commerce and Industry (SACCI) notes the Medium Team Budget Policy Statement (MTBPS) delivered by Minister Tito Mboweni today. The MTBPS highlighted the well-known economic challenges facing our Nation. These challenges have been with us for a long period now and were…

Friday 16 October 2020 SACCI Response to Economic Reconstruction and Recovery Plan SACCI welcomes the Economic Reconstruction and Recovery Plan as announced by President Ramaphosa. We appreciate the President’s acknowledgement of the challenges faced by the economy, together with the elements that need urgent attention to set the economy on a positive trajectory. The elements…

Trade activity has improved in South Africa, with the seasonally adjusted Trade Activity Index (TAI) having measured 50 index points in September, implying that half of the respondents experienced better conditions than in August. Trade activity previously improved to 37 index points in July, and then to 41 index points in August and to 47…

SACCI Media Release July 2020 Trade Conditions Survey Recovering from Distorted Trade Conditions  The continuing lockdown since March 2020 owing to Covid-19 deepened the recessionary economic conditions and further distorted trade conditions. The selected restrictive approach towards certain types of trade, especially during the hard lockdown period, had a serious effect on trade. The seasonally…

SACCI PRESS RELEASE – BUSINESS CONFIDENCE INDEX (BCI) FOR JULY 2020 Confidence beyond the trough Since the previous media release of the SACCI BCI in April 2020, the BCI slumped to 70.1 in May 2020, but recovered to 81.4 in June and to 82.8 in July 2020. Although the BCI was 12.7 index points up…

On Friday 03 June , the President of SACCI, Adv Mtho Xulu had a meeting with the Ambassador of the State of Qatar, H.E. Mr. Tariq Bin Ali Faraj Al-Ansari to update and strengthen the cooperation between the private sectors of the State of Qatar and the Republic of South Africa. Ranked as one of the world’s…