SACCI COMMENT ON REVISED B-BBEE CODES OF GOOD PRACTICE

In a statement issued today the CEO of SACCI, Mr Neren Rau, said: QUOTE: The South African Chamber of Commerce and Industry (SACCI) is concerned by the apparent mala fides of the Department of Trade and Industry (DTI) with regards to procedural and substantive elements of the Revised B-BBEE Codes of Good Practice. SACCI submitted a comprehensive position on the Revised Codes and has brought the following concerns as well as a range of other comments to the attention of the DTI.

SACCI INDUSTRIAL ACTION SURVEY RESULTS

In a statement issued today the CEO of SACCI, Mr Neren Rau, said: QUOTE: The South African Chamber of Commerce and Industry (SACCI) is concerned by the effect of unionization on the incidence level of industrial action as evidence by the recent survey on the issue. The survey of 52 businesses representing at least 830 employees indicates that as soon as a firm has any level of unionisation, there is a near certainty that strike activity will occur once every three years.

 Depressed but Stable Business Confidence

Business confidence remained gloomy in November 2012 taking its cue from an unfavourable domestic and world economic climate.  The BCI declined marginally from 92 points in October 2012 to 91.7 in November 2012.  The BCI was 5.7 points below the November level of last year. 

Negative contributions to business confidence on both a monthly and an annual basis were evident in manufacturing, retail and construction activity.  New vehicle sales, real financing costs and the stock markets, however, made positive contributions to the business climate on both a monthly and an annual basis.  With the majority (ten) of the sub-indices being either negative or undecided between its monthly and annual performance, the BCI remains under pressure and biased towards the negative.   

Please note that on the 6th December SACCI will host a Press Conference from 10h30 – 11h30 on the following:

o   November 2012 Business Confidence Index (BCI)

o   SACCI Comments on the B-BBEE Codes

o   SACCI 2012 Industrial Action Survey

Venue: SACCI Offices, 24 Sturdee Avenue, Rosebank

Please RSVP to This e-mail address is being protected from spambots. You need JavaScript enabled to view it by Wednesday, 5 December 2012, and NOTE that the embargo on the press releases will be 12pm.