The Roodepoort Chamber of Commerce and Industry (Rocci) and The South African Chamber of Commerce and Industry (Sacci) issues press releases from time to time.
Press releases will be emailed to our database as they are released, but if you've missed out, you are welcome to find previous and latest releases on this page.
NEWS ARTICLES
Northside Cronicle - 26 Feb 2010
Roodepoort Record - 26 Feb 2010
SACCI - INFLATION UPDATE
Food inflation is further down to 3.6% in December 2009 - lowest since 4.5% in Feb. 2006.
- Core inflation (excl. food, beverages & petrol) is also further down to 6.7% in December 2009 from 7% in November 2009.
- However, CPI inflation is above 6% at 6.3% from 5.8% in November 2009.
- The Producer deflation is estimated at 0.5% in Dec 09 - 2.5% ppi deflation in Nov 09. Imported prices down by 12% on average in 2009 - up 16.5% in 2008. Local prices rise by only 0.2% in 2009 against 14.3% in 2008.
Price pressures appear to be increasing with producers. Read more
Latest Press Release - |
| SACCI PRESS RELEASE - CRIME AWARENESS CAMPAIGN |
| SACCI PRESS RELEASE - HIJACKING AWARENESS GUIDES |
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| TRADE CONDITIONS SURVEY |
Previous Press Releases
SACCI Comments on Crime Statistics
Commenting on the crime statistics released today, South African Chamber of Commerce & Industry CEO Neren Rau said:
Quote:
‘SACCI notes with concern that Business appears to have become a favoured target for criminals. This is reflected in the 41% increase in business related robberies, the 15% increase in truck hijacking, the 19% increase in commercial crime and the 21% increase in shoplifting.
At a time when businesses are grappling with socio-economic pressures, crime once again dominates the agenda of high risks. Government must exercise immediate, bold and decisive leadership in reducing crime levels if we are to foster a stimulative business environment. A stimulative business environment is one that encourages existing businesses to expand and prospective new entrants to seize business opportunities, both of which are essential for propelling our economy on the path to economic recovery.
For its part, Business will continue to play a constructive role in combating crime. This will include working with the police and other crime prevention agencies as well as providing resources to assist in the struggle.’ Unquote
The Roodepoort Chamber of Commerce & Industry endorses the above statement by the South African Chamber of Commerce & Industry.
Building Business Confidence:SACCI Business Confidence Index
The SACCI Business Confidence Index (BCI) improved notably to 85.5 in September 2009 from 83 in August 2009. The BCI is 6.6 index points higher than the depressed level of 78.9 measured in March 2009.
The September 2009 level is the best level recorded since November 2008 when the index stood at 86.7. The majority of the BCI sub-indices had a positive impact on the BCI in September 2009 on a month-to-month basis suggesting that business confidence may continue improving over the medium term. The majority of the year-on-year changes in the sub-indices are negative except for inflation, the weighted rand exchange rate, precious metal prices and liquidations. The improvement in business confidence may therefore be a slow process depending largely on healthier real global economic conditions.
To fully comprehend the substance of the improved BCI, the latest level of the BCI must be viewed against the economic context we currently face. Given the slow economic global recovery and low inflation and even deflation in the US, Japan, China and a number of other economies, it becomes apparent that markets may be too optimistic about the strength of the recovery of the global economy. In its October 2009 World Economic Outlook, the IMF indicated that the pace of recovery is slow, and activity remains far below pre-crisis levels in some economies.
South Africa must also be wary of a twin deficit risk (public sector borrowing requirement and current account deficit of the BOP) that could retard South Africa’s growth ability and recovery from the present economic situation. Crowding out the private sector from the capital markets in a low savings economy, remains a risk for SA’s economic outlook. Business confidence and economic performance will however to a large extent depend on the pace of the global economic recovery and the ability of South Africans to seize opportunities.
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