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Domestic Manufactures Must Work Together To Survive

By: Creamer Media Reporter      25th September 2018 The global trade war between two of the world’s largest economies has the potential to render global growth less synchronised, less certain and less supportive of emerging economies. Moreover, weaknesses in the global economy would make it even more difficult for South Africa to accelerate its... 

Africa’s metals, engineering cluster needs to do more to attract investment 

By: Marleny Arnoldi     21st September 2018 Steel and Engineering Industries Federation of Southern Africa (Seifsa) chief economist Dr Michael Ade has declared Africa’s metals and engineering sector open for business. Ade was addressing delegates on the second day of Seifsa’s fourth annual Metals and Engineering Indaba, in Johannesburg. 

Phosa says South Africa should be ‘plotting’ a credible economic strategy 

By: Terence Creamer     20th September 2018 Former African National Congress (ANC) treasurer-general Mathews Phosa made a forthright appeal on Thursday for the creation and implementation of a credible economic strategy, centred on growth and job creation, rather than “vague, ill-timed, conflicting and populist” policies. Speaking at the... 

High-calibre Speakers To Address Challenges Confronting The Metals And Engineering Indaba Starting Tomorrow

By: Creamer Media Reporter      19th September 2018 High-calibre speakers – including Cabinet Ministers senior business leaders and labour leaders – will address delegates attending the fourth Southern African Metals and Engineering Indaba taking place at the IDC Conference Centre in Sandton tomorrow and on Friday. The Indaba, now in its fourth... 

Mining, construction and automotive sectors critical for M&E sector’s survival

By: Creamer Media Reporter      18th September 2018 The link between the metals and engineering (M&E) sector and the mining, construction and auto manufacturing industries will come under scrutiny at the fourth Southern African Metals and Engineering Indaba taking place at the IDC Conference Centre in Sandton on Thursday and Friday this week. “The... 

Transnet, Eskom and PWC bosses to discuss administered prices affecting South Africa’s international competitiveness

By: Creamer Media Reporter      17th September 2018 Transnet and ESKOM Chief Executive Officers Siyabonga Gama and Phakamani Hadebe will discuss administered prices such as logistics costs, electricity prices and port tariffs, which are negatively affecting South Africa’s international competitiveness on the second day of the fourth Southern... 

How the tender processes in South Africa works

13th September 2018 Careful and accurate preparation can help you land that big tender but it can also be a time-consuming and costly exercise, especially if you do not understand the tender bidding process or adhere to the necessary requirements (i.e. submitting all the tender forms). When an organisation such as a... 

Metals, engineering collective agreement to be submitted for gazetting

By: Simone Liedtke     4th September 2018 Parties to the Metals and Engineering Industries Bargaining Council (MEIBC) have voted in favour of the extension of the three-year agreement reached in the metals and engineering sector in 2017. Steel and Engineering Industries Federation of Southern Africa (Seifsa) operations director Lucio... 

Absa PMI falls to 18-month low in August

By: Marleny Arnoldi     3rd September 2018 The seasonally adjusted Absa Purchasing Managers’ Index (PMI) has declined from a solid 51.5 points recorded in July to 43.4 in August – its lowest recorded level in 18 months. The deterioration was driven by sharp declines in the new sales orders index, as well as the business activity index;... 

National development plan to feature prominently at the Southern African metals and engineering indaba

By: Creamer Media Reporter      3rd September 2018 Six years ago, the Government adopted the National Development Plan (NDP), a blueprint for how South Africa could eradicate poverty and reduce inequality by 2030 – with business and other stakeholders enthusiastically welcoming the initiative. While the NDP drew criticism from some labour... 

What is Cost Price Adjustment and why is it so important. Subscribe to PIPS and attend a complimentary CPA workshop.

15th August 2018 Based on the terms and conditions set out in the tender awarded to you, it is now time for you to take stock of what has happened to the price of the product or service you provided over the last couple of months/year. You also need to supply the information to the buying party to your contract.... 

What are the SEIFSA Price Indices?

3rd August 2018 So, you are in the process of tendering for that big contract and it is a requirement that you make use of SEIFSA’s price indices to assist you in accurately pricing your tender contract. At this point in the tendering process you might not be aware of who SEIFSA is or that SEIFSA even has price... 

Vesco celebrates 60 years, maintains eye on ten-year vision

By: Natasha Odendaal     27th July 2018 As Vesco and its subsidiaries celebrate 60 years of successful operations, the founding Leger family has large ambitions for the future. Despite several challenges, the family-owned enterprise is currently in year three of its ten-year strategy of capturing 10% of the world’s business and growing... 

2018 Metals and Engineering Indaba to contribute in shaping policy

By: Creamer Media Reporter      26th July 2018 Delegates attending the 2018 Southern African Metals and Engineering Indaba at the IDC Conference Centre in Sandton on 20 and 21 September will have an opportunity to influence economic policies that have a direct impact on the businesses they operate. The Indaba, now in its fourth year of... 

SEIFSA Cautiously Optimistic Following a Rebound in Metals and Engineering Sector Output in May.

By: Creamer Media Reporter      12th July 2018 The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) is cautiously optimistic following the release of production data reflecting an increase in output in the Metals and Engineering (M&E) sector, despite a corresponding decline in business confidence and a volatile rand,... 

Decrease in the purchasing managers’ index for June 2018 a cause for concern

By: Creamer Media Reporter      12th July 2018 The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) is concerned about the general dip in overall business activity in the broader manufacturing sector as reflected in the composite Absa Purchasing Managers’ Index (PMI) released yesterday, SEIFSA Economist Marique Kruger... 

Gradual producer price index improvement for intermediate manufactured goods bodes well for the metals and engineering cluster - SEIFSA

By: Creamer Media Reporter      12th July 2018 The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) welcomes the latest Producer Price Index (PPI) data for intermediate manufactured goods released by Statistics South Africa today, which affirm the gradual improvement in selling price inflation for sub-industries in the... 

Cheap valve imports taking over the local market

By: Donald Makhafola     6th July 2018 Amid ageing water infrastructure, the South African Valve and Actuator Manufacturers Association (Savama) laments the substantially cheaper and poor-quality Chinese valves and associated products that find their way onto the local market. “In the current market, we find that price supersedes... 

Seifsa expects 1.7% expansion in local steel industry

By: Erin Steenhoff-Snethlage     6th July 2018 Following its initial forecast of a 1.1% expansion of the metals and engineering cluster at the beginning of the year, the Steel and Engineering Industries Federation of Southern Africa (Seifsa) says upon review, preliminary data now suggest a 1.6% expansion of the sector, with all sub-industries... 

Decrease in June PMI a ‘cause for concern’ – Seifsa

By: Simone Liedtke     3rd July 2018 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) is concerned about the general dip in overall business activity in the broader manufacturing sector as reflected in the composite Absa Purchasing Managers’ Index (PMI), which was released on Monday. Seifsa economist... 

Babcock displays staying power during half-station shutdown

14th June 2018 Babcock recently completed a mammoth and highly successful half-station shutdown at a power station in the Free State. Meticulous risk management resulted in no lost-time injuries throughout the 1.7 million man-hours clocked on the project. Comprehensive planning ensured that the scope of work... 

Weir Minerals shines at Seifsa awards

By: Anine Kilian     24th May 2018 Mine dewatering equipment supplier Weir Minerals won the 2018 Most Transformed Company of the Year Award, as well as the Environment Stewardship Award, at the Steel and Engineering Industries Federation of Southern Africa (Seifsa) Awards for Excellence, on Thursday night. Engineering support... 

Seifsa encouraged by Absa PMI improvement

By: Anine Kilian     2nd May 2018 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) is encouraged by the improvement in the Absa Purchasing Managers Index (PMI) for April, released on Wednesday, with the data showing that businesses are slowly responding to a buoyant consumer, business and investor... 

Seifsa celebrates transformed companies in metals, engineering sector

By: Simone Liedtke     9th April 2018 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has called on companies that have embraced transformation in the metals and engineering sector to submit entries for the Most Transformed Company of the Year category of this year’s Seifsa Awards for Excellence. The... 

Absa PMI falls below 50-point mark, Seifsa concerned about unresponsiveness to improving confidence

By: Marleny Arnoldi     3rd April 2018 The seasonally adjusted Absa Purchasing Managers’ Index (PMI) on Tuesday dropped back below the neutral 50-point mark in March, after encouraging improvements during the first two months of the year. The index shed 3.9 points to reach a level of 46.9 points in March, down from 50.8 in February.  

Re-industrialisation will demand more skills – Seifsa

By: Simone Liedtke     3rd April 2018 Re-industrialisation has been identified as one of the key initiatives with the potential to unlock South Africa’s economic growth potential, which will, in turn, demand technical skills such as those offered by artisans. However, Steel and Engineering Industries Federation of Southern Africa... 

South Africa makes formal request for exclusion from US metals tariffs 

By: Terence Creamer     23rd March 2018 Trade and Industry Minister Dr Rob Davies has made a formal submission to the US requesting the exclusion of South Africa from the imposition of duties on steel and aluminium products. A provision allowing for country-based exclusions from a 25% increase in the steel tariff and a 10% duty on... 

South African steel, aluminum firms watchful, but not overly anxious, as US tariff hikes loom

By: Terence Creamer     6th March 2018 South African steel and aluminium firms remain watchful and uncertain about the effects that a proposed increased US trade protection will have. However, the companies also indicate that they will seek to mitigate the risk through export diversification, as well as a continued focus on markets... 

Seifsa welcomes improvement in manufacturing business activity

By: Simone Liedtke     2nd March 2018 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has welcomed the continued improvement in overall business activity in the manufacturing sector, as reflected in the Absa Purchasing Manager's Index (PMI) for February. Seifsa economist Marique Kruger explained that the... 

Long-suffering South African manufacturing sector hoping to reap Ramaphosa dividend

By: Dylan Slater     2nd March 2018 Prior to the Valentine’s Day resignation of now former President Jacob Zuma, popular industry sentiment pointed towards a modestly better year for South Africa’s struggling manufacturing sector on the back of a recovery in gross domestic product (GDP) growth and higher commodity prices. However,... 

Long-suffering SA manufacturing sector hoping to reap Ramaphosa dividend

By: Dylan Slater     2nd March 2018 Prior to the Valentine’s Day resignation of now former President Jacob Zuma, popular industry sentiment pointed towards a better year in terms of manufacturing and gross domestic product (GDP) on the back of a recovering commodities market.  

Industry, business welcomes tough Budget, but warns govt to implement promised changes

By: Megan van Wyngaardt     22nd February 2018 Although Finance Minister Malusi Gigaba has faced sharp criticism following the tabling of the 2018 Budget on Wednesday, particularly from opposition party, the Democratic Alliance, and the Congress of South African Trade Unions, industry bodies and business organisations have welcomed the... 

Seifsa worried about potential impact of proposed US steel import tariff increases

By: Megan van Wyngaardt     20th February 2018 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has warned that the difficulties facing the local steel industry would continue to worsen in the year ahead if the US Department of Commerce's recommendation for a tariff of at least 53% on all steel imports from 12... 

Albeit modest, metals sector poised for second consecutive year of growth 

By: Terence Creamer     16th February 2018 South Africa’s metals and engineering sector is poised for a second consecutive year of modest growth, with the Steel and Engineering Federation of Southern Africa (Seifsa) forecasting a 1.1% expansion for 2018. The sector grew by 2.7% in 2017, breaking a streak of three consecutive years of... 

Business organisations hope for greater policy certainty after Zuma’s resignation

By: Anine Kilian     15th February 2018 Industry bodies throughout South Africa have welcomed Jacob Zuma’s decision to step down as President. The South African Chamber of Commerce and Industry (Sacci) on Thursday said it applauded Zuma’s remarks where he reaffirmed and pledged his commitment to the Constitution and the rule of law,... 

Alstom Foundation unveils new welding curriculum for Duduza school 

15th February 2018 Alstom Ubunye has unveiled its latest educational initiative, a new welding school at a Secondary School in the Duduza township near Nigel. Natasha Odendaal tells us more. 

Entries for Seifsa Awards for Excellence now open

By: Anine Kilian     12th February 2018 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has invited manufacturers operating in the metals and engineering sector to submit their entries for the 2018 Seifsa Awards for Excellence. Entries are open to all companies in the sector, including those which are not... 

Signs of manufacturing recovery, despite ongoing metals industry pressures

By: Megan van Wyngaardt     8th February 2018 The latest preliminary production data for the metals and engineering sector, released by Statistics South Africa (Stats SA) on Thursday, reflected a slowdown in production in December, despite a 2% increase in the broader manufacturing production during the same period, Steel and Engineering... 

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