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Seifsa News

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... 

Manufacturing production data disappoints as businesses struggle with additional Covid-19 challenges

19th May 2020 The decrease in manufacturing production figures for the month of February 2020 deals a further blow to metals and engineering (M&E) companies already operating under duress of a struggling economy, the Steel and Engineering Industries Federation of Southern Africa (SEIFSA) said today. Speaking... 

BRICS Manufacturing Conference Now Scheduled for 6 August

7th May 2020 The inaugural, one-day BRICS Manufacturing Conference, which was scheduled to take place in Johannesburg on 21 May, has been moved to 6 August, Conference organisers said this morning. The Chairman of the Manufacturing Working Group of the SA Chapter of the BRICS Business Council (BBC), Kaizer... 

Entry deadline for SEIFSA awards for excellence extended

6th May 2020 Owing to the Covid-19 pandemic, the Steel and Engineering Industries Federation of Southern Africa (SEIFSA) has moved its 6th Annual Excellence Awards ceremony from 28 May to 23 July. The postponement of the ceremony has also resulted in SEIFSA extending the deadline for the submission of entries... 

Business activity index’s dismal performance highlights the devastating impact of COVID-19 on local businesses

5th May 2020 The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) is concerned about a huge dip in business activity in the broader manufacturing sector, as reflected by the sub-index of the ABSA Purchasing Managers’ Index (PMI) released today. As a lead indicator, the headline PMI... 

Inaugural BRICS manufacturing conference to investigate priority projects

30th April 2020 The establishment of the BRICS Manufacturing Working Group (MWG) subsequently gave birth to numerous priority projects identified across a number of the sub-clusters of the manufacturing sector. Included in the MWG’s priority projects are, among others, Electromobility Solutions; Smart Cities,... 
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