Press Release - 2016/02/08: STRUGGLING METALS AND ENGINEERING SECTOR TO COME UNDER SCRUTINY AT INDABA
JOHANNESBURG, 8 FEBRUARY 2016 – The metals and engineering sector, which has been seriously under-performing in recent years, will come under microscopic scrutiny when stakeholders from business, labour and Government meet at the second Southern African Metals and Engineering Sector in May.
Press Release - 2016/02/06: HIGH ELECTRICITY PRICE INCREASES WILL HAVE A CRIPPLING EFFECT OF THE ALREADY EMBATTLED METALS AND ENGINEERING SECTOR (2)
JOHANNESBURG, 4 FEBRUARY 2016 - A decision by the National Electricity Regulator of South Africa (NERSA) to approve ESKOM’s application for further tariff increases would be a critical setback for the metals and engineering sector’s competitiveness, contribute to more job losses and postpone the sector’s recovery even further, the Steel and Engineering Industries Federation of Southern Africa (SEIFSA) said today.
Press Release - 2015/11/11: METALS AND ENGINEERING SECTOR CONTINUES TO CONTRACT
JOHANNESBURG, 11 NOVEMBER 2015 – The September production data for the metals and engineering (M&E) sector released by Statistics South Africa indicate that the contraction in the sector continues to worsen, despite some recent positive signs, the Steel and Engineering Industries Federation of Southern Africa (SEIFSA) said today.
The recorded year-to-date (9 months) decline was 1,5% and 2% for the previous 12 months to September. Production in September 2015 was 3,3% lower than in the same month in 2014.
Press Release - 2015/11/09: SOUTH AFRICAN ECONOMY ON THE VERGE OF A RECESSION
SOUTH AFRICAN ECONOMY ON THE VERGE OF A RECESSION JOHANNESBURG, 9 NOVEMBER 2015 – Manufacturing capacity utilisation, an important indicator of potential economic growth, has on average been below the 85% optimum since the first quarter of 2008 (average – 4%).