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

3rd July 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 welcomes operational phase of African Continental Free Trade Area

By: Marleny Arnoldi     3rd June 2019 The Steel and Engineering Industries Federation of South Africa has welcomed the official start of the African Continental Free Trade Area (AfCFTA) at the end of May. AfCFTA provides access to a continent-wide market of around 1.2-billion people, and is worth $2.5-trillion.  

Deterioration in headline PMI worrying, says Seifsa 

By: Nadine James     3rd June 2019 The seasonally adjusted Absa Purchasing Managers’ Index (PMI) erased most of last month’s gain and fell to 45.4 index points in May from 47.2 points in April, which – excluding the drop to 45 points in March – is the weakest level since October 2018. The decline brought the average PMI for the... 

South Africans calling for pledges of greater economic growth

By: Simone Liedtke     30th May 2019 Following the appointment of a new Cabinet by President Cyril Ramaphosa on Wednesday night, the country has called for pledges of greater economic growth and commitment to rebuilding the country. The Steel and Engineering Industries Federation of Southern Africa (Seifsa) welcomed the... 

HC Heat Exchangers named ‘most innovative’ at Seifsa awards

By: Marleny Arnoldi     24th May 2019 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) on Thursday crowned HC Heat Exchangers as the Most Innovative Company of the Year at its Awards for Excellence ceremony. The judges were impressed by the improvement of HC’s offering that sees it use its expertise to... 

HC Heat Exchangers, Pamodzi win big at 5th SEIFSA Awards for Excellence

24th May 2019 HC Heat Exchangers and Pamodzi Unique Engineering were amongst the big winners announced at the glamorous SEIFSA Awards for Excellence ceremony held at the Sunnyside Park Hotel in Parktown, Johannesburg last night. The ceremony attended by metals and engineering sector movers and shakers saw HC... 

Record number of entries for annual Seifsa awards

By: African News Agency      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 

By: Marleny Arnoldi     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... 

Fuel prices a sore thumb for businesses, consumers

By: News24Wire      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  

By: Marleny Arnoldi     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... 

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