Press Release - 2014/11/25: SEIFSA CONCERNED ABOUT CONTINUING SLUGGISH ECONOMIC GROWTH
- Published: 26 November 2014
JOHANNESBURG, 25 NOVEMBER 2014 – Although the South African economy improved by an adjusted 0,5% in the second quarter of the year, its overall performance remains very disappointing, the Steel and Engineering Industries Federation of Southern Africa (SEIFSA) said today.
Commenting on the gross domestic product (GDP) figures released by Statistics South Africa today, SEIFSA Chief Economist Henk Langenhoven said that while the reported second-quarter growth was in line with the latest estimates in Finance Minister Nhlanhla Nene’s Medium-Term Budget Policy Statement, nevertheless it remained well below the potential growth rate of 3,5% “and creates some doubt as to the actual credibility of a 3,5% growth rate for the economy”.
Press Release - 2014/11/20: STABLE HAND AT THE HELM SHOW QUEST FOR STABILITY
- Published: 21 November 2014
JOHANNESBURG, 20 November 2014 – The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) welcomes the Monetary Policy Committee’s (MPC) decision to keep interest rates unchanged.