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SEIFSA welcomes high court ruling in favour of designation and localisation

By: Creamer Media Reporter      6th August 2020 The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) has welcomed yesterday’s high court ruling in favour of the Department of Trade, Industry and Competition (DTIC) in a procurement matter, saying that it will boost struggling local businesses amid the pandemic-induced... 

SEIFSA worried about increase in unemployment

By: Creamer Media Reporter      29th July 2020 The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) is concerned about the latest quarterly employment statistics (QES) data released today by Statistics South Africa (Stats SA), which reflect general decreases in domestic employment as local businesses continue to... 

Repo rate cut will provide further reprieve to embattled businesses – SEIFSA

By: Creamer Media Reporter      24th July 2020 The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) welcomes today’s decision by the South African Reserve Bank to reduce the repo rate by 25 basis points, to 3.5%, SEIFSA Economist Marique Kruger said this afternoon. “The decision to further cut interest rates is... 

Manufacturing production data continues to disappoint – SEIFSA

By: Creamer Media Reporter      10th July 2020 The decrease in manufacturing production, as shown by the data released by Statistics South Africa (StatsSA) today, is concerning, the Steel and Engineering Industries Federation of Southern Africa (SEIFSA) said today. SEIFSA Economist Marique Kruger said the data, which reflects a decrease in... 

Seifsa eagerly awaits scrap metal industry relief  

By: Marleny Arnoldi     6th July 2020 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has welcomed government's announcement that it has tasked the International Trade Administration Commission (Itac) of South Africa to look into measures to support the metals and engineering (M&E) sector. Seifsa says it... 

SEIFSA welcomes investigation into scrap metals supply to the local industry 

By: Creamer Media Reporter      6th July 2020 The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) welcomes the Government’s decision to look into measures to support the metals and engineering sector, which has been under significant strain due to increased global demand and steep price hikes in both raw materials and... 

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

By: Creamer Media Reporter      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

By: Creamer Media Reporter      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

By: Creamer Media Reporter      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

By: Creamer Media Reporter      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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