SEIFSA CONCERNED BY FURTHER RISE IN UNEMPLOYMENT NUMBERS FOR THE THIRD QUARTER OF 2021

Johannesburg, 29 November 2021 – The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) is concerned by data released by Statistics South Africa (Stats SA) today, showing a further increase in the unemployment numbers in the domestic economy. According to the latest Quarterly Labour Force Survey (QLFS), the data indicates that there is an […]

SEIFSA welcomes finance minister’s 2021 medium term budget policy statement

JOHANNESBURG, 12 NOVEMBER 2021 – The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) welcomes Finance Minister Enoch Godongwana’s Medium Term Budget Policy Statement (MTBPS), which outlined South Africa’s path to economic and social recovery. The year 2020 has been difficult for South Africa’s ailing economy which was not spared from the devastating impact of […]

SEIFSA WELCOMES CONTINUOUS IMPROVEMENT IN SELLING PRICES FOR MANUFACTURED GOODS

Johannesburg 28 October 2021 – The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) welcomes the consistent increase in the Producer Price Index (PPI) for intermediate manufactured goods published by Statistics South Africa (Stats SA) today. The improvement in the data, which is used as a proxy for selling price inflation, is good for the […]

SEIFSA WELCOMES END OF METAL AND ENGINEERING INDUSTRIES STRIKE AND LAUDS THE SIGNING OF A LANDMARK AGREEMENT

JOHANNESBURG, 21 October 2021 – The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) welcomes the end of the strike that has affected the metal and engineering sector in the past three weeks, SEIFSA Chief Executive Officer Lucio Trentini said. SEIFSA on behalf of its affiliated Associations and labour reached a landmark agreement on […]

SEIFSA ENCOURAGED BY UPWARD TRAJECTORY IN SELLING PRICES

JOHANNESBURG, 30th SEPTEMBER 2021 – The Steel and Engineering Industries  Federation of Southern Africa (SEIFSA), welcomes a further improvement in the  Producer Price Index (PPI) for intermediate manufactured goods. Industry can be encouraged by the latest data, which shows the PPI for intermediate goods remaining in an expansionary terrain.  Commenting after the release of the […]

PRODUCTION AND SALES DATA IN THE MANUFACTURING SECTOR REFLECTS THE IMPACT OF THE UNREST IN THE MONTH OF JULY

JOHANNESBURG, 09th SEPTEMBER 2021 – The Steel and Engineering Federation of Southern Africa (SEIFSA), says the manufacturing production and sales data reflects the negative impact of the July’s unrest in Gauteng and KwaZulu-Natal provinces. According to manufacturing data released by Statistics South Africa (StatsSA), total manufacturing production declined to -4.1% year-on-year in July 2021, when […]

FOCUS ON POLICY IMPLEMENTATION REQUIRED TO REVERSE SOARING UNEMPLOYMENY, SAYS SEIFSA

JOHANNESBURG, 24 AUGUST 2021 – The Quarterly Labour Force Survey (QLFS) data released today by Statistics South Africa (Stats SA) is a sign that efforts to reverse the impact of COVID-19 on the economy and employment will continue to be a bumpy ride unless there is a focus on Government policy implementation, the Steel and […]

PRODUCTION AND SALES DATA IN THE MANUFACTURING SECTOR IS ENCOURAGING, SAYS SEIFSA

JOHANNESBURG, 10 AUGUST 2021 – The improvement in Metals and Engineering (M&E) production and sales are encouraging as it indicates the economy is slowly gaining momentum despite the COVID-19 pandemic, the Steel and Engineering Industries Federation of Southern Africa (SEIFSA) said today. According to manufacturing data released by Statistics South Africa (StatsSA), total manufacturing production […]

SEIFSA WELCOMES CABINET RESHUFFLE AND LOOKS FORWARD TO WORKING WITH THE NEW MINISTER OF FINANCE

JOHANNESBURG, 6 August 2021 – The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) welcomes the cabinet reshuffle and is looking for forward to working with new Minister of Finance, Mr Enoch Godongwana. The departure of outgoing finance minister Tito Mboweni is disappointing, considering the level of experience, expertise and political background. However, SEIFSA acknowledges […]

PRODUCER PRICES CONTINUE TO RISE AMID INPUT COST INCREASES FOR INDUSTRIES, SAYS SEIFSA

JOHANNESBURG, 29 JULY 2021 – The rise in producer price inflation (PPI) does not bode well for the overall domestic inflation outlook as producers pass on costs to consumers, who are already under financial strain, the Steel and Engineering Industries Federation of Southern Africa (SEIFSA) said today. Data released today by Statistics SA showed PPI […]