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SACCI: Bleak road ahead for business
Business did not experience a good holiday period and retail sales are still down, the SA Chamber of Commerce and Industry said on Tuesday.
Richard Downing
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Trade conditions out of negative territory
Trade conditions appear to be out of negative territory after the Trade Activity Index (TAI) increased for the third month in a row, the South African Chamber of Commerce and Industry said on Thursday. The TAI, which measures the view of business on current trade activity, increased from 44 in December last year to 48 in January and 50 in February
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SA faces ‘very real’ risk of recession
There is a ”very real” risk that South Africa could face an economic recession as a result of the current electricity crisis, the South African Chamber of Commerce and Industry (Sacci) said on Wednesday. ”We have already been going through an economic slowdown; this [the electricity crisis] could push us into a recession,” Sacci economist Richard Downing said.