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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... 

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

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... 

Seifsa ‘disappointed’ by slower Feb manufacturing output growth 

By: Marleny Arnoldi     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... 

Seifsa invites entries for Environment Stewardship Award, other Excellence Award categories

By: Tasneem Bulbulia     4th March 2019 To celebrate companies that have gone out of their way to invest in the environment, the Steel and Engineering Industries Federation of Southern Africa (Seifsa) will present the Environment Stewardship Award to a company that has successfully implemented greening initiatives in its day-to-day... 

Metals, engineering sector set to grow amid challenges

By: Jessica Oosthuizen     1st March 2019 Despite continuous challenges in recent years, the local metals and engineering sector is expected to show moderate growth of 1.8% this year. The various subsectors will register varied levels of growth, with some expanding and others contracting during the year. This is according to the Steel... 

Promising growth in construction sector brings hope for 2019

By: Halima Frost     22nd February 2019 Despite the contribution of the construction sector to local economic activity being inconsistent, and having decreased significantly over the years, Constructional Engineering Association (CEA) executive director Anthony Boy is hopeful that there will be an upturn in investments in the sector... 

Metals, engineering sector set for third consecutive year of growth – Seifsa  

By: Tasneem Bulbulia     8th February 2019 The metals and engineering sector is set to grow for the third consecutive year in 2019, despite the past year having been generally challenging for both the global and domestic economies. This is according to the Steel and Engineering Industries Federation of Southern Africa (Seifsa), which... 

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