SACCI Media Statement on the 2020 SONA
The South African Chamber of Commerce and Industry notes and welcomes the President’s remarks in his 2020 State of the Nation address.
We look forward to working with the President and his team in many of the major initiatives announced in his speech.
Tender Bulletin 3095 14 February 2020
REPUBLIC OF SOUTH AFRICA
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BUSINESS CONFIDENCE INDEX (BCI) FOR JANUARY 2020
EMBARGO: 11:30 on Thursday, 6 February 2020
Wavering Business Confidence
The SACCI Business Confidence Index (BCI) declined by 0.9 index point to 92.2 in January 2020 and was 2.9 index points lower than in January 2019. The 93.1 of December 2019 was the highest BCI level since the 93.3 of June 2019 and the latest figures suggest that business confidence still finds it difficult to gain momentum.
For more information, contact:
Alan Mukoki SACCI CEO
Richard Downing SACCI Economist
We are exploring the possibility of assisting members with their BBB BEE accredited-aligned training claims through the various SETA’s.
As members may be aware, the red tape and administrative processes are fairly burdensome and if not done correctly, can end up being unsuccessful.
SACCI, through the expertise of one of our members, is looking into improving the success rate by drawing in the expertise to bring our claims closer to a more effective and successful return rate.
To this end, we are asking members with an interest in this area to kindly complete the attached questionnaire and email this back to DannyV@sacci.org.za by no later than Friday 31 January 2020.
Please be so kind and fill in the questionnaire on the link:
The questionnaire is a simple yes /no answer as per the appended document that should not take more than 5 minutes to complete.
The South African Chamber of Commerce and Industry (SACCI) is delighted to have been selected by Taiwan Government as one of main contact windows to cooperate with Taiwan on Smart City event, SACCI will lead a delegation which comprises of South African companies, who are interested in meeting businessmen from Taiwan and to seek for any business opportunities, to visit this event and also to participate in one day Joint Business/ investment Council meeting between South African and Taiwan.
Members are hereby invited to join this delegation to attend the 2020 Smart City Summit & Expo (SCSE) from 24 to 27 March 2020 in Taipei City.
The theme for the event is the Artificial Internet of Things and its effects on smart cities: AIoT Invigorates Smart City.
The event includes a Mayors’ Summit, professional conference and demo tours, which involved 128 city leaders from 45 countries in 2019, as well as 337 exhibitors, 1250 booths, 40120 visitors. Taipei SCSE has become the most important platform for business partnership network in terms of smart city solution. Accordingly, I would like invite you to participate to explore the business and cooperation opportunities. In terms of potential sectors, which have been applied and highly valued, are: Smart Hospital, Smart Healthcare, Smart Education, Smart Campus, Intelligent Building, Intelligent Transportation System , which involved 36 Startups from 15 countries as well.
As cities in South Africa are breaking new ground in the use of technology and exploring innovative ways to provide services through smart solutions to become “smart cities”, this event offers a great opportunity to witness the latest technology in smart solutions, applications and cloud computing. You may visit the following websites: https://en.smartcity.org.tw/index.php/en-us/ & https://en.smartcity.org.tw/index.php/en-us/ for further information.
If you have any further questions, please also feel free to contact Mrs. Laura Liang, Director of the Economic Division of Taipei Liaison Office in the Republic of South Africa on 011-4428880 or
ROCCI Members interested in participating at the 2020 Smart City Summit & Expo (2020 Taipei SCSE), should kindly contact SACCI for a personalized invitation.
South African Chamber of Commerce and Industry (SACCI)
Tel: +27 11 446 3800
Embargo: 11:30 on Thursday, 16 January 2020
Trade Conditions Remain Tight
Trade conditions remained in negative territory in December 2019, but the seasonally adjusted Trade Activity Index (TAI) improved marginally to 44 – up by one index point and still below the 50-index level of unchanged conditions. Expectations for the next six months look better than the December trade conditions with the seasonally adjusted Trade Expectations Index (TEI) staying on 46, which are two index points above the TAI. Trade conditions were on the same level as in December 2018. Compared to the first nine months of 2018, the wholesale and retail trade; hotels and restaurants sector virtually remained stagnant in the first three quarters of 2019 – growing by only 0.1%.
All components of trade activity declined in December 2019 and this is partly ascribable to seasonal factors due to business-to-business trade usually receding during the holiday period. Input costs and sales prices were lower during December but are expected to increase over the next six months. Input costs are expected to rise as the sub-index increased by not less than 10 points to 86 in December 2019. There appears to be a negative shift in retail spending away from December to November given the increased Black Friday sales in November.
In general, respondents mentioned that inferior look-alike products sell at discounted prices offered by competitors that do not comply with regulatory standards, thereby creating unfair trade practices. Tax and tariff burdens weighed heavily as service provided by local governments fell short. Erratic energy supply due to load shedding, cable theft, and the costs of fuel and alternative energy supply, affected the viability of traders surveyed. 2020 is approached with scepticism due to changing seasonal factors, low economic growth and uncertain domestic and global political sentiment.
The employment sub index improved to 45 in December 2019 from 40 in November due to the hiring of temporary personnel. Employment prospects will continue to be under pressure and in negative territory over the next six months with the sub-index on employment expectations remaining on 38 in December 2019.
Released by the South African Chamber of Commerce and Industry at their offices in Illovo, Johannesburg.
For more information:
SACCI CEO Cell: 082 551 1159
Economist for SACCI Cell: 082 822 5566