https://www.engineeringnews.co.za
Africa|Automotive|Business|Engineering|Environment|Indaba|Industrial|Infrastructure|Manufacturing|Seifsa|Steel|Sustainable|Solutions|Infrastructure
Africa|Automotive|Business|Engineering|Environment|Indaba|Industrial|Infrastructure|Manufacturing|Seifsa|Steel|Sustainable|Solutions|Infrastructure
africa|automotive|business|engineering|environment|indaba|industrial|infrastructure|manufacturing|seifsa|steel|sustainable|solutions|infrastructure

Does the promise of a new dawn still hold?

19th August 2019

By: Creamer Media Reporter

     

Font size: - +

This article has been supplied as a media statement and is not written by Creamer Media. It may be available only for a limited time on this website.

The ushering in of President Cyril Ramaphosa as the new Head of State in February 2018 brought with it the promise of “ANew Dawn”, but does that promise still hold amidst South Africa’s low economic growth and high unemployment environment?

That is the question that will take centre stage on the second day of the 2019 Southern African Metals and Engineering Indaba taking place on 12-13 September at the IDC Conference Centre in Sandton.

Reflecting on how the President’s “New Dawn”’ is received by the business community and how it has impacted on South Africa’s sovereign credit rating will be Minister of Finance Tito Mboweni, Democratic Alliance’s Shadow Minister of Finance Geordin Hill-Lewis, Federation of Unions of South Africa Acting General Secretary Riefdah Ajam and Business Unity South Africa Acting CEO Cas Coovadia.

“Panellists in this plenary session will seek to establish not only why the New Dawn has faded, but also to come up with solutions to revive it in the interest of increasing investor confidence, growing the South African economy and improving its sovereign credit ratings,” Steel and Engineering Industries Federation of Southern Africa (SEIFSA) CEO Kaizer Nyatsumba said this morning.

He said that it has been about 18 months since the President’s New Dawn was promised, but the country still finds itself confronted by the twin evils of pedestrian economic growth and a high unemployment rate.

“Talking about a new dawn without having the courage to tackle the country’s myriad challenges would not suffice.We all know that we need to grow the economy at 5% and above to reduce unemployment, poverty and inequality and improve the country’s credit rating to investment grade on a sustained basis,” Mr Nyatsumba said.

Now in its fifth year, the Indaba is organized and hosted by SEIFSA. Its core objective is to provide a platform for policy makers, labour representatives and businesses operating in the metals, engineering and related sectors to discuss the challenges facing the sector and collectively to devise sustainable solutions aimed at ensuring its sustainability.

The Indaba will also deliberate on the following topics:

  • A Growing Chinese Presence in South Africa: How Should Local Business Respond?

  • State-Owned Companies As Economic Enablers, Infrastructure Development and the Metals and Engineering Sector

  • The Fourth Industrial Revolution and Manufacturing: Is South Africa Ready – Or Will It Be Left Behind?

  • The new Automotive Production and Development Programme: Will the Metals and Engineering Sector Benefit?

  • The Industrial Policy Action Plan and the National Development Plan: A Progress Report on Their Implementation

  • The Economy, Labour Stability and the 2020 MEIBC Negotiations on Wages and Conditions of Employment

The line-up of speakers expected to address delegates includes:

  • Irvin Jim, General Secretary of NUMSA;

  • Mangaliso Ndlovu, Minister of Industry and Commerce in Zimbabwe;

  • Pravin Gordhan, Minister of Public Enterprises;

  • Thembinkosi Mkalipi, Chief Director: Labour Policy and Industrial Relations at the Department of Employment and Labour;

  • Tshokolo Nchocho, Industrial Development Corporation CEO;

  • Patrick Bond, Professor at the Wits School of Business; and

  • Xolelwa Mlumbi-Peter, Deputy Director General: International Trade and Economic Development Division

Mr Nyatsumba said the agenda for the 2019 Indaba is driven by the state that the metals and engineering sector currently finds itself in.

 

Edited by Creamer Media Reporter

Comments

Showroom

Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 
SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.215 0.267s - 164pq - 2rq
Subscribe Now