We are on the Road again – on 02nd OCTOBER 2019 and will be doing our third day tour to the wonderful area of Magaliesburg. It promises to be filled with adventure and lovely food again.
Please make your bookings asap to avoid disappointment.
See you on the bus.
Kindly note a call for nominations for SACCI Directors. Bellow please find the nomination form for Directors of SACCI.
Nominations must reach SACCI Ms. Sthembile Blose firstname.lastname@example.org by 16:30 on Wednesday 18 September, 2019
SACCI members are reminded to ensure that their membership fees are in good standing.
Board Nominations 2019-20
EMBARGO: 11:30 on Wednesday, 11 September 2019
Difficult Business Climate
The BCI for August 2019 declined to 89.1 from 92.0 in July 2019 – a decrease of 2.9 index points. It is exactly 1 index point above the lowest ever recorded BCI level achieved in April 1985 (88.1). It is necessary to point out that in the last two years of 2017 and 2018, the BCI was at its lowest in the August months, and the trend is true so far in 2019, as the figure is the lowest it has been so far in 2019. The BCI for August 2017 and 2018 were 89.6 and 90.5 respectively.
Seven of the thirteen sub-indices used in compiling the SACCI BCI deteriorated between July 2019 and August 2019, four improved, and two remain unchanged. Four of the seven economic activity indicators declined on their July 2019 levels and three of the six financial pointers used for the composite BCI, deteriorated month-on-month.
On an annual basis, five of the seven economic activity indicators declined on their August 2018 levels while five of the six financial pointers were either positive or unchanged year-on-year; indicating a relative stable financial environment compared to August 2018.
Negative monthly movements occurred due to a decrease in merchandise export volumes, a weaker rand exchange rate weighted against major trading and investment currencies, and declining all-share prices on the Johannesburg Securities Exchange (JSE). Increased merchandise import volumes and the higher US dollar price of precious metals made a modest but positive contribution to the BCI in August 2019.
Although the South African economy has dodged a recession in the second quarter of 2019, having recorded an unexpected GDP growth of 3.1% compared to a decline of exactly the same number (-3.1%) in the first quarter of 2019, it is not yet time to heave a sigh of relief. This is because the GDP growth this quarter was driven by external factors and not in response to specific actions by government and business to drive growth.
Challenges responsible for the past low growth of the South African economy continue to exist and will have to be addressed urgently. The economy is in dire need of implementation of policies to achieve economic growth and job creation. The current state of fiscal deficiencies, social injustices and unemployment, necessitates an urgent adjustments in how their impact is viewed, no longer as just economic terms that must be studied and converted into action, but as the likely cause of crime violence, looting and anti-foreigner sentiments that are currently dominating news headlines locally and internationally. It is denting the status of South Africa as a favoured investment destination; and affecting lives and businesses of ordinary South Africa.
For more information, contact:
Alan Mukoki - SACCI CEO: 082 551 1159
Richard Downing - SACCI Economist: 082 822 5566
Invitation China (GuangDong)-South Africa Economic and Trade Cooperation Matchmaking Meeting (Light Exhibition)
Members are invited to attend the China (GuangDong) - South Africa Economic and Trade Cooperation Matchmaking Meeting (B2B).
Invitation and delegation list below.
The Trade Cooperation will be preceded by a Lighting Exhibition that will showcase lighting fixtures, display of latest designs for lighting items. This will also includes indoor and outdoor lighting (commercial and decoration lights)
Date: 11 – 12 September 2019
Venue: Oriental City (Venue: Corner Ernest Oppenheimer Avenue and Marcia Street, Bruma, Johannesburg
Time:10:00 – 17:00
BUSINESS ACHIEVERS AWARDS 2019
Enter the competition and stand a chance to win a
R35 000 Study Bursary at Boston City Campus Krugersdorp.
Get your entry form below and enter.
Closing date 4 October 2019.
Final evening will take place 23 November 2019 at Silverstar Casino
Business woman of the year
Lots of prizes to be won in lucky draws
Please see below entry form.
For further information contact the office on 011 953 3727 / 011 660 4865
or email us at email@example.com
57 Commissioner St Krugersdorp 1739
Speak to Dehlia van Staden or Claudette Murdoch
Please book the Business Network evening on 10 September 2019.