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Seifsa News

Record number of entries for annual Seifsa awards

3rd May 2019 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) said on Friday its annual awards for excellence had seen a record increase in the number of entries, indicating their growing popularity and prestige. Seifsa CEO Kaizer Nyatsumba said the awards, introduced five years... 

Seifsa welcomes PMI increase to 47.2 in April

2nd May 2019 The Steel and Engineering Industries Federation of Southern Africa has welcomed the increase in the seasonally-adjusted Absa Purchasing Managers’ Index (PMI) for April. Chief economist Dr Michael Ade said the rebounding indicator was encouraging for production processes. The PMI data for April... 

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

25th April 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 

Fuel prices a sore thumb for businesses, consumers

18th April 2019 Higher fuel prices have contributed largely to the increase in March inflation, and industry has warned of the effects it is having on business profitability. Stats SA on Wednesday released March inflation figures, which increased to 4.5% compared to 4.1% reported in February. Transport costs... 

Political parties agree on need for business, government collaboration

12th April 2019 One cannot develop South Africa with a blanket approach, without consultation and discussion and these interactions should not be confined to the election season only, Inkatha Freedom Party MP Mhuleko Hlengwa asserted during a Steel and Engineering Industries Federation of Southern Africa... 

Seifsa ‘disappointed’ by slower Feb manufacturing output growth

11th April 2019 The latest preliminary data published by Statistics South Africa (Stats SA) indicates that production in the broader manufacturing sector grew at a slower pace in February than in January. On a continuous three-monthly basis, output in the manufacturing sector has been volatile, increasing from... 
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