SA’s business confidence drops

Business confidence dropped last month to its lowest level since May 2010, the South African Chamber of Commerce and Industry (Sacci) said on Wednesday.

Its business confidence index (BCI) dipped to 97.1 in January 2012.

“This is the lowest level since May 2010, when the BCI registered 96.7 and set off on an upward trend to peak at 104.2 in March 2011,” the chamber said.

“The decline of the BCI between December 2011 and January 2012 was disheartening, with six of the sub-indices being negative in January 2012, compared to only three sub-indices being down in December 2011.”

Sacci said the economy may experience more difficult times ahead as the low growth scenario in 2012 would impact negatively on economic activity.

“The decline in the Sacci BCI in January 2012, after a promising uptick in December 2011, is an indication of the economic uncertainty under which business has to operate at present,” it said.

Several international and local commentators were cautious on economic prospects for 2012.

The unresolved debt exposure in Europe also cast a negative cloud on the global economy while rating agencies remained sensitive to public debt management and economic growth imbalances.

“Lower economic growth, unemployment, higher inflation, weak municipal service delivery, public administration defaults, and unsustainable social demands are issues in South Africa that cloud the economic and business outlook for 2012,” Sacci said.

“Addressing and managing these issues will have a profound effect on the business environment and business mood in 2012.” — Sapa


DA’s Moodey joins leadership race

The head of the Democratic Alliance in Gauteng says he wants to take his experience to the national level

Inside Uganda’s controversial ‘pregnancy crisis centres’, where contraception is discouraged

Undercover investigation shows that controversial US-linked centres are defying government policy and providing inaccurate medical information

Coronavirus reaction: Sinophobia with Western characteristics

Western media has racialised the coronavirus outbreak, leading to increased Sinophobia in several countries. Such dehumanisation of a race has no place in functioning democracies

Pam Golding facilitates African kleptocrats’ money laundering

Government must take steps to clean up the country’s dirty real estate market, which has long offered a safe haven for criminals

Press Releases

Achieving the litmus test of social relevance

The HSS Awards honours scholarly works based on their social relevance and contribution to the humanities and social sciences

Response to the report of the independent assessors

VUT welcomes the publishing of the report of the independent assessors to investigate concerns of poor governance, leadership, management, corruption and fraud at the university.

NWU student receives international award

Carol-Mari Schulz received the Bachelor of Health Sciences in Occupational Hygiene Top Achiever Award.

Academic programme resumes at all campuses

Lectures, practicals, seminars and tutorials will all resume today as per specific academic timetables.

Strategic social investments are a catalyst for social progress

Barloworld Mbewu enables beneficiaries to move away from dependence on grant funding

We all have a part to play to make South Africa work

Powering societal progress demands partnerships between all stakeholders

So you want to be a social entrepreneur?

Do the research first; it will save money and time later

Social entrepreneurship means business

Enterprises with a cause at their core might be exactly what our economy desperately needs