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Opportunity Issue 104

Opportunity magazine is a niche business-to-business publication that explores various investment opportunities within Southern Africa’s economic sectors. The publication is endorsed by the South African Chamber of Commerce and Industry (SACCI).

Opportunity magazine is a niche business-to-business publication that explores various investment opportunities within Southern Africa’s economic sectors. The publication is endorsed by the South African Chamber of Commerce and Industry (SACCI).

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SACCI<br />

While such costs still exist, they are dramatically lower for many<br />

businesses; some businesses have become transnational to the extent<br />

that they likely have more resources available to manage these issues<br />

than chambers.<br />

Thought 3: Competitive chambers<br />

As business became more global, chambers have tried to manage<br />

potential conflicts across boundaries on an ad hoc basis. Some<br />

chambers market to businesses in geographies they don’t serve<br />

in order to attract companies to their geography. In other cases,<br />

chambers help members export goods or even business activities<br />

to other geographies. In some cases, chambers can collaborate to<br />

support businesses of mutual interest; a chamber may find its services<br />

compete with another chamber.<br />

Advocate Mtho Xulu delivers the presidential address to the SACCI Annual Convention.<br />

• Financial services<br />

• Telecommunications<br />

• Tourism and leisure<br />

• Education and skills.<br />

New normal and the future of the chamber movement<br />

As we emerge from the era of Covid-19 and acclimatise to the new<br />

normal of the chamber movement and future of organised business,<br />

SACCI will be implementing the internationally-renowned Chamber<br />

Model Innovation, as developed by the World Chamber Federation.<br />

Four Provocative Thoughts for the Future<br />

We will begin implementing the models on the basis of what the World<br />

Chamber Federation calls the four provocative thoughts for the future:<br />

Thought 1: Reassessing the purpose of chambers<br />

Our observation is that chambers of commerce have historically<br />

focused on supporting businesses and business ecosystems for<br />

a variety of purposes and outcomes. Some of these services,<br />

such as government-policy advocacy, are both long-term and<br />

distanced from most day-to-day challenges of businesses. Some<br />

services such as networking and general business guidance are<br />

commoditised by online communication and data systems. In<br />

other words, while these needs still broadly exist for businesses<br />

and business ecosystems, the supply and value associated with<br />

serving these needs has changed dramatically.<br />

Thought 2: The global chamber<br />

Chambers of commerce have historically focused on supporting<br />

businesses and business ecosystems based on geographic and<br />

state boundaries. In South Africa, this tends to be city and provincial<br />

boundaries. This made sense because the majority of business was<br />

limited by transportation and communication costs as well as the<br />

cost of managing multiple cultural and regulatory systems across<br />

state boundaries.<br />

Thought 4: Experimental business-platform chambers<br />

Chambers of commerce have historically focused on supporting<br />

businesses and business ecosystems for a variety of purposes and<br />

outcomes. Almost all of these services, however, are focused on<br />

current business activities (aside from, potentially, policy advocacy).<br />

Many businesses, however, regularly explore new opportunities,<br />

including business model innovation. Chambers of commerce<br />

have potentially unique access to business trends and B2B customer<br />

information. At the global level, chambers could provide trusted<br />

access to the largest possible audience of business customers as a<br />

resource for “lean startup” experimentation.<br />

Conclusion<br />

In conclusion, we commit ourselves to a new era for a privatesector-led<br />

economic prosperity that will unlock new value building<br />

through organised business formations. We will also support public<br />

sector economic development initiatives such as the Gauteng<br />

Provincial Government’s "Grow Gauteng Together", as this is the hub<br />

of the economy and gateway into the South Africa economy.<br />

The SACCI Gala Dinner followed the AGM and the Business Conference.<br />

www.opportunityonline.co.za | 11

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