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SEIFSA welcomes reserve bank’s repo rate cut

By: Creamer Media Reporter      20th January 2020 The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) welcomes the South African Reserve Bank’s decision to unanimously reduce the repo rate by 25 basis points, providing another boost to the stagnant economy, the Federation’s Economist, Marique Kruger, said this afternoon.... 

Seifsa welcomes lower repo rate

By: Simone Liedtke     17th January 2020 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has welcomed the South African Reserve Bank’s (SARB’s) decision to reduce the repo rate by 25 basis points, thereby “providing another boost to the stagnant economy”. The federation’s economist Marique Kruger is of the... 

Growing unemployment reconfirms economy’s ill health

By: Creamer Media Reporter      13th December 2019 The growing number of job losses in the manufacturing sector during the third quarter of 2019 is extremely worrisome, Steel and Engineering Industries Federation of Southern Africa (SEIFSA) Economist Marique Kruger said today. The Quarterly Employment Statistics (QES) data – which is an... 

Seifsa laments economy’s relapse into negative growth territory

By: Creamer Media Reporter      3rd December 2019 Despite the apparent recent political will and numerous promises from policy makers to address upside risks to the South African economy, concerns still remain about whether the economy will improve on the recent poor performance in real gross domestic product (GDP) for the third quarter of 2019... 

Pessimism amongst business executives deepens as PMI Data remains in the contractionary zone

By: Creamer Media Reporter      2nd December 2019 Local industries continue to painstakingly navigate murky waters, characterised by poor business confidence and low business expectations in recent times, as particularly reflected by the nondescript performance of the Absa Purchasing Managers’ Index (PMI) released today for November 2019, the... 

Further decline in selling price inflation for October a challenge to companies in the M&E Sector

By: Creamer Media Reporter      28th November 2019 The further decline in the selling price inflation, for October 2019, is challenging to companies operating in the metals and engineering (M&E) sector, especially amidst the prevailing tough economic environment, which seems to be gradually reducing gains made by businesses over the last few... 

Seifsa laments persistent dip in capacity utilisation for the M&E sector

By: Creamer Media Reporter      8th November 2019 The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) laments the release of key data, namely, the capacity utilisation figures for the metals and engineering (M&E) sector, which indicate deterioration for the third quarter of 2019 and manufacturing output for the month of... 

How to use SEIFSA indices for Contract Price Adjustment (CPA)

30th October 2019 Congratulations you have just landed a very big tender contract! Despite this significant achievement you are unsure on how to proceed with the process, and different questions come to mind 

Seifsa concerned by further increase in unemployment numbers for the third quarter

By: Creamer Media Reporter      29th October 2019 The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) is concerned following the release by Statistics South Africa (Stats SA) today of data, showing an increase in the unemployment numbers in the domestic economy, Economist Marique Kruger said. The latest Quarterly Labour... 

Import Penetration Remains a Great Concern for the Metals and Engineering Sector

By: Creamer Media Reporter      14th October 2019 The continuous influx of imported steel into the domestic economy remains a great concern for companies operating in the metals and engineering sector, so said Steel and Engineering Industries Federation of Southern Africa (SEIFSA) President Elias Monage. Speaking at the SEIFSA Presidential... 

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