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SEIFSA welcomes reserve bank’s repo rate cut

19th March 2020 The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) welcomes the South African Reserve Bank’s decision to cut the repo rate by 100 basis points to 5.25 percent, the Federation’s Economist, Marique Kruger, said this afternoon. Speaking after the Governor’s announcement, Ms... 

Inaugural BRICS Manufacturing Conference To Take Place in May

18th March 2020 An inaugural, one-day BRICS Manufacturing Conference is scheduled to take place in Johannesburg on 21 May, Conference organisers said this morning. Kaizer Nyatsumba, Chairman of the Manufacturing Working Group of the SA Chapter of the BRICS Business Council (BBC), said the conference is born out... 

Rebound in manufacturing production encouraging, says SEIFSA

13th March 2020 The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) welcomes the rebound in production in the broader manufacturing sector, especially given that this is the first increase recorded since September 2019, Economist Marique Kruger said. The latest preliminary data published... 

Manufacturers invited to enter for SEIFSA awards for excellence

10th March 2020 Entries for the prestigious SEIFSA Awards for Excellence have opened and the Steel and Engineering Industries Federation of Southern Africa (SEIFSA) is inviting manufacturers operating in the metals and engineering sector to submit their entries. Hosted by SEIFSA, the awards – now in their sixth... 

Dip in fourth-quarter growth “deeply disappointing”, says SEIFSA

4th March 2020 The consecutive dip in the real Gross Domestic Product (GDP) during the fourth quarter of 2019, which sent the economy into a recession, was deeply disappointing, Steel and Engineering Industries Federation (SEIFSA) Chief Economist Michael Ade said. Speaking after the release of the data by... 

Persistent dip in PMI concerns SEIFSA

3rd March 2020 The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) notes, with concern, the decrease in the seasonally-adjusted Absa Purchasing Managers’ Index (PMI) for the month of February 2020. Speaking after the release of the data this morning, SEIFSA Economist Marique Kruger said... 
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