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Persistent increase in unemployment numbers will delay efforts to reindustrialise the economy, says SEIFSA

23rd June 2020 The quarterly labour force survey (QLFS) data, which reflects an increase in the number of unemployed people for Q1 of 2020 before the Coronavirus-induced economic crisis, does not bode well for reindustrialisation efforts, but presents an opportunity to rejig job creation opportunities in line... 

Poor manufacturing production data bodes ill for the economy, says SEIFSA

12th June 2020 The latest manufacturing production data released by Statistics South Africa this afternoon is consistent with the economy’s poor performance since the beginning of the year and does not bode well for the future, Steel and Engineering Industries Federation of Southern Africa (SEIFSA) Economist... 

Unexpected uptick in PMI for May 2020 is refreshing, says SEISA

2nd June 2020 A surprise uptick in overall business activity for May 2020, as captured by the headline Purchasing Managers’ Index (PMI), despite subdued economic activity from the lockdown, bodes well for companies in the manufacturing sector, the Steel and Engineering Industries Federation of Southern Africa... 

SEIFSA welcomes SARB’s 50 basis points interest rate cut

22nd May 2020 The 50 basis points interest rate cut announced by the South African Reserve Bank (SARB) this afternoon will bring further relief to the domestic economy and the embattled businesses operating in the metals and engineering (M&E) sector, the Steel and Engineering Industries Federation of Southern... 
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AfDB concludes R2bn investment in Nedbank SDG-linked bonds

Finance institution, the African Development Bank (ADB) group, has concluded the investment of R2-billion in sustainable development goals-linked bonds (SDG bonds) issued by banking group Nedbank South Africa. This investment, which is listed on the green bonds segment of JSE, will strengthen... 

'You are ready and getting readier' – Ramaphosa is pleased with Mpumalanga's Covid-19 plans

Conducting an oversight visit in Mpumalanga on Friday, President Cyril Ramaphosa said he was pleased with the plans the province has put in place to deal with Covid-19, especially as infections are expected to rise. As of 2 July, Mpumalanga had 1 478 confirmed cases of Covid-19, one of the... 
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