Recent Communiques

GENERAL NOTICES

13.04.2017 Easter Message from SACCI President

12.04.2017 Programme: South Africa - Estonia Business Forum :18 April 2017

12.042017 Member Communication 18/2017 Special Nedlac Exco, BUSA Meeting with Minister of Finance and Eskom Exco

12.04.2017 SACCI Press Release - Trade Conditions Survey- March 2017

12.04.2017 Ministers Presentation on National Development Plan 2030

11.04.2017 Programme: South Africa - Estonia Business Forum :18 April 2017

11.04.2017 BUSA Bulletin - Edition 3

10.04.2017 Business Matchmaking Symposium Invitation: 8th May 2017

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Transnet 600 Ton Gas storage tank safely crosses TPT's Saldanha Terminals operations, click here for more information

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Transnet - Transnet meets with German Ambassador to strengthen ties, click here for more information

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Transnet Port Terminals awarded bursaries as part of World Maritime Celebrations

Transnet Port Terminals rewarded for high standards of operational safety

 

TRADE CONDITIONS SURVEY - PRESS RELEASE PDF Print E-mail
Wednesday, 12 April 2017 12:00

Trade Expectations Weaken Notably


The seasonal adjusted six-month Trade Expectations Index (TEI) weakened notably and declined from 61 in February to 51 March 2017 – the weakest level since April 2016. The non-seasonal adjusted six-month Trade Expectations Index (TEI) weakened even more markedly and declined from 63 in February to 51 March 2017. The TEI was on a strong path of recovery from May 2016 up to February 2017. However, due to extraneous events, all components of trade expectations were severely and negatively affected in March 2017.
Forty four percent of the responses for the March 2017 Survey were received before the 24th of March 2017 recalling of the former Minister of Finance and subsequent replacement on the 31st of March 2017 in a Cabinet reshuffle. The March 2017 Survey may therefore not reflect the full short-term impact of the political developments of the last few days of March 2017. The subsequent downgrade to junk status by Standard and Poor’s and Fitch will also have longer-term repercussions for trade conditions.

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SACCI PRESIDENT REPLIES TO PIETERMARITZBURG CHAMBER OF BUSINESS - PRESS RELEASE PDF Print E-mail
Wednesday, 05 April 2017 16:49

SACCI President replies on behalf of Board to a Pietermaritzburg Chamber of Business (PCB) article in the Witness Newspaper of 4th April 2017.

We view the media crusade launched by Ms Veness and company as being very reckless, damaging and highly opportunistic. SACCI is a chamber mother body, which espouses values of openness, transparency and professionalism. These allegations are not coming through for the first time, when they first surfaced we invited the complainants as part of the engagement process to use the internal dispute resolution mechanism to put matters on the table.

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BUSINESS CONFIDENCE INDEX PRESS RELEASE PDF Print E-mail
Wednesday, 05 April 2017 13:35

Business Confidence under Pressure

The SACCI Business Confidence Index (BCI) pulled back by 1.7 index points to 93.8 in March 2017 from 95.5 in February 2017. This is the first month since November 2016 that the SACCI BCI declined year-on-year after it improved year-on-year for three consecutive months in December 2016, January and February 2017. The BCI is nearly four index points lower than the high of 97.7 in January 2017.
Towards the end of March, developments extraneous to the economy abruptly upset the momentum of further improving business confidence. The March 2017 SACCI BCI, however, does not yet capture the full impact of uncertainty that was created as these developments commenced on the 24th of March 2017 when the Minister of Finance was recalled from an overseas investment roadshow before relieved of responsibilities on the last day of March.

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