South african chamber of commerce and industry sacci
Concerns that businesses may shut down, jobs lost if load shedding continues
Some businesses say that if the situation doesn't change soon they will need to close, putting workers on the street.
Sacci CEO Alan Mukoki says the unexpected stage four load shedding is causing disruption with production and will ultimately limit job creation.
South African Chamber of Commerce and Industry’s monthly business confidence index rose to 96.1 in November from 95.8 in October, the business body said in a statement.
The BCI increased to 93.3 from 90.5 points in August due to higher export volumes, new vehicle sales and lower inflation.
In its monthly business confidence index (BCI) survey, the South African Chamber of Commerce and Industry's (Sacci) said only three of the 13 sub-indices surveyed had improved in August compared with their July readings.
The South African Chamber of Commerce and Industry's (SACCI) monthly business confidence index (BCI) fell to 96.0 in April from 97.6 in March, the chamber said in the statement.
The Chamber's CEO Alan Mukoki says if the companies can't find the savings to pay for the increases it will have a ripple effect.
The chamber has in the past highlighted the importance of sending the right political and fiscal signals to potential investors.
The South African Chamber of Commerce and Industry said it's adjusting the base year to 2015 from 2010.
Sacci says the judgment in the Constitutional Court has reaffirmed the independence of the judiciary.
The SA Chamber of Commerce and Industry released its monthly confidence index yesterday.
The Small Business Project revealed in 2004 that billions of rands were wasted on regulations.
Sacci's chairperson has warned the impact of new regulatory proposals on potential investors.
Businesses say load shedding has become an expense.
Sacci said the rand had a negative impact by countering the influence of falling crude prices.
The chamber says it's conducted a survey and has found that e-tolls are a huge financial strain.
The Sacci business confidence index improved to 89.0 in August, from 87.9 in July.
Government has banned the travel of non-South African citizens from high-risk Ebola countries.
SACCI has welcomed a ministerial task team’s amended recommendations for the National Senior Certificate.