was successfully added to your cart.
RISING INFLATION A CAUSE FOR GREAT CONCERN SEIFSA

SEIFSA Welcomes Further Easing Of Inflation For The Month Of January 2019

By | Featured, Latest News | No Comments

SEIFSA Welcomes Further Easing Of Inflation For The Month Of January 2019

Johannesburg, 20 February 2018 – The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) welcomes the further easing of inflation in January, as indicated by Consumer Price Index (CPI) data released by  Statistics South Africa (StatsSA) today.

The StatsSA data indicate that the annual headline CPI was 4.0 percent in January 2019, down from 4.5 percent in December 2018. The month-on-month movement in the CPI was -0.2 percent in January 2019. This bodes well for businesses operating in the metals and engineering (M&E) sector.

Speaking after the release of the data, SEIFSA Economist Marique Kruger said it was reassuring that the headline inflation now trends below the mid-point of the South African Reserve Bank’s target range of 3 percent to 6 percent, providing a basis for firm consumer demand.

This is a third consecutive decrease in headline inflation from November 2018, which is consistent with a general decrease in petrol prices over the same period.

“The continuous slowdown in prices in January 2019 is encouraging, given its extended implications on higher demand for both the final manufactured goods of the broader manufacturing sector and the intermediate goods of the M&E sector,” said Ms Kruger.

She said core inflation had been trending under 4.5 percent from January last year and it was encouraging to note that core inflation – w which excludes food, non-alcoholic beverages, fuel and energy – was 4.4 percent in January 2019, unchanged from December 2018.

“SEIFSA will continue to monitor the inflation variable because of its derived importance for the M&E cluster of industries and the broader economy. The domestic inflation trend will also be an important consideration, amongst other significant factors, when members of the South African Reserve Bank’s Monetary Policy Committee) meet in March 2019,” Ms Kruger concluded.

SEIFSA is a National Federation representing 23 independent employer Associations in the metals and engineering industries, with a combined membership of 1600 companies employing around 200 000 employees. The Federation was formed in 1943 and its member companies range from giant steel-making corporations to micro-enterprises employing fewer than 50 people

Cosatu’s Protest Action for the Western Cape Will Take Place on 19 February 2019

By | IRLS News | No Comments

INTRODUCTION

Management will be aware, from recent media reports, that the Congress of South African Trade Unions (Cosatu) is engaged in protest action around the country in the form of a national strike today.

However, protest action planned for the Western Cape will take place on Tuesday, 19 February 2019. 

This Management Brief provides some basic background to the issue and guidance to Management in dealing with the intended protest action.

PROTEST ACTION AND THE LABOUR RELATIONS ACT

The Labour Relations Act (LRA) permits registered trade unions or a federation of trade unions, such as Cosatu, to undertake protected protest action to promote the social and economic interests of workers, provided that they observe the procedural requirements contained in Section 77 of the LRA

It is important to note that protest action in terms of Section 77 of the LRA is only protected if the issue in dispute has been considered by NEDLAC and the applicant concerned has given to Nedlac 14 days’ notice of its intention to proceed with such protest action. In the absence of these conditions, any protest action would not be protected.

It has been confirmed that Cosatu has filed a Section 77(1)(b) notice with NEDLAC, advising of its intention to participate in a socio-economic strike and the NEDLAC Section 77 Standing Committee has determined the notice to be compliant with the administrative requirements of the LRA.

Consequently, employees participating in any form of stay-away or protest activity today and on Tuesday, 19 February 2019 will be protected by the normal rules regarding protected protest action to promote or defend the socio-economic interest of workers, namely: no-work, no-pay and no-disciplinary action.

RECOMMENDED MANAGEMENT ACTION

SEIFSA recommends that Management adopts the following course of action in dealing with any stay-away on 19 February 2019:

Inform all workers that any absences related to the protest action will be treated on the following basis:

  • No work, no pay;
  • No disciplinary action;
  • A shift for leave pay and leave enhancement pay qualification purposes will be lost in respect of the day’s absence; and
  • Any overtime worked during the course of the week will be paid at ordinary rates to make up for the lost ordinary working hours on 19 February

The Staff of SEIFSA’s Industrial Relations and Legal Services Division are available on (011) 298-9400 to provide any further advice and/ or assistance to Management on the contents of this Management Brief.

SEIFSA Welcomes Improvement in Employment Numbers, But Remains Concerned About Apparent Trade-Off between Manufacturing Production and Employment

By | Featured, Latest News, Press Releases | No Comments

Johannesburg, 12 February 2019 – The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) welcomes the improvement – announced by Statistics South Africa (StatsSA) today – in the unemployment numbers in the domestic economy.

The latest Quarterly Labour Force Survey (QLFS), a household-based sample survey by StatsSA that captures labour market activities of persons aged 15-64 years, indicates an increase in jobs in manufacturing on a quarter-on-quarter basis. The StatsSA data generally capture a decrease in the unemployment rate from 27.5% during the third quarter of 2018 to 27.1% during the fourth quarter of 2018.

Speaking after the release of the figures, SEIFSA Economist Marique Kruger said the broader manufacturing sector – including its Metals and Engineering (M&E) cluster of industries – recorded employment gains of 48 000 jobs during the fourth quarter of 2018, representing a 2.8 percent quarter-on-quarter increment. However, the sector disconcertingly lost 24 000 jobs in the year, a 1.4 percent year-on-year change, despite an encouraging increase in output, highlighting an urgent need for sector-specific interventions.

The changes in employment numbers were varied in other industrial sectors. The mining sector recorded a net gain of 31 000 jobs on a quarter-on-quarter basis, adding to the net increase of 27 000 jobs year on year, while the construction sector shed 21 000 jobs on a quarter-on-quarter basis.

“The unemployment dilemma continues to be one which is difficult for policy makers and captains of industry to deal with. This is despite increased political will, as highlighted in both the jobs summit held late last year and in last week’s State of the Nation Address by President Cyril Ramaphosa. It is clear that efforts aimed at easing unemployment are bearing fruits, although time is needed for initiatives aimed at stabilising employment to become more effective,” said Ms Kruger.

Moreover, SEIFSA is confident that identified interventions aimed at accelerating inclusive economic growth and investment (both domestic and foreign) will improve employment numbers slightly in the medium to long term, Ms Kruger said.

 

Issued by:
Ollie Madlala
Communications Manager
Tel: (011) 298 9411 / 082 602 1725
Email: ollie@seifsa.co.za
Web: www.seifsa.co.za

 

SEIFSA is a National Federation representing 23 independent employer Associations in the metals and engineering industries, with a combined membership of 1600 companies employing around 200 000 employees. The Federation was formed in 1943 and its member companies range from giant steel-making corporations to micro-enterprises employing fewer than 50 people.

COSATU’S INTENDED PROTEST ACTION ON 13 FEBRUARY 2019

By | Featured, Latest News, Press Releases | No Comments

INTRODUCTION

 Management will be aware, from recent media reports, that the Congress of South African Trade Unions (Cosatu) is preparing for a protest action in the form of a national strike on Wednesday, 13 February 2019.

 This Management Brief provides some basic background to the issue and guidance to Management in dealing with the intended protest action.

PROTEST ACTION AND THE LABOUR RELATIONS ACT

 Cosatu has been quoted in various media reports that it would stage a nationwide strike on 13 February over large-scale layoffs at ailing State-owned firms and at private companies.

The Labour Relations Act (LRA) permits registered trade unions or a federation of trade unions, such as Cosatu, to undertake protected protest action to promote the social and economic interests of workers, provided that they observe the procedural requirements contained in Section 77 of the LRA.

It is important to note that protest action in terms of Section 77 of the LRA is only protected if the issue in dispute has been considered by NEDLAC and the applicant concerned has given to Nedlac 14 days’ notice of its intention to proceed with such protest action. In the absence of these conditions, any protest action would not be protected.

However, it has been confirmed that Cosatu has filed a Section 77(1)(b) notice with NEDLAC, advising of its intention to participate in a socio-economic strike on 13 February 2019.

The NEDLAC Section 77 Standing Committee has determined the notice to be compliant with the administrative requirements of the LRA.

Consequently, employees participating in any form of stay-away or protest activity on 13 February 2019 will be protected by the normal rules regarding protected protest action to promote or defend the socio-economic interest of workers, namely: no-work, no-pay and no-disciplinary action.

RECOMMENDED MANAGEMENT ACTION

SEIFSA recommends that Management adopts the following course of action in dealing with any stay-away on 13 February 2019:

Inform all workers that any absences related to the protest action will be treated on the following basis:

  • No work, no pay;
  • No disciplinary action;
  • A shift for leave pay and leave enhancement pay qualification purposes will be lost in respect of the day’s absence; and
  • Any overtime worked during the course of the week will be paid at ordinary rates to make up for the lost ordinary working hours on 13 February 2019.

The Staff of SEIFSA’s Industrial Relations and Legal Services Division are available on (011) 298-9400 to provide any further advice and/ or assistance to Management on the contents of this Management Brief.

 

SEIFSA SA FLAG 300x300

SEIFSA Welcomes President Ramaphosa’s Inspiring SONA

By | Featured, Latest News | No Comments

JOHANNESBURG, 8 FEBRUARY 2019 – The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) warmly welcomes President Cyril Ramaphosa’s inspiring State of the Nation Address. SEIFSA Chief Executive Officer Kaizer Nyatsumba said the President’s speech was both rich in content and much welcoming of the important role that business plays in the country.

“After nine frustrating years of terrible leadership, during which the Government had a very hostile stance towards business, it feels very good to be able to say that South Africa has solid leadership again. We are very encouraged by the President’s grasp of the serious challenges facing South Africa and, more importantly, his acknowledgement of the obvious fact that the Government alone does not have all the answers to the country’s problems. We are very encouraged by the fact that he understands that all stakeholders have an important role to play and that he places such a welcome emphasis on the need for a meaningful partnership with business, Mr Nyatsumba said.

He said like other business organisations, SEIFSA – which is part of the manufacturing sector – stands ready to partner with the Government in an effort to grow South Africa’s economy. “We hope that the President will ensure that his Ministers also come to the party.”

In conclusion Mr Nyatsumba said the Federation commended the President for his war on corruption and fully shared his desire to see the country’s law enforcement agencies rigorously prosecuting all those who have been implicated in State capture and other forms of corruption and malfeasance.

SEIFSA is a National Federation representing 23 independent employer  Associations in the metals and engineering industries, with a combined membership of 1600 companies employing around 200 000 employees. The Federation was formed in 1943 and its member companies range from giant steel-making corporations to micro-enterprises employing fewer than 50 people.

Encouraging Performance for Metals and Engineering Sector Projected To Continue

By | Featured, Press Releases | No Comments

JOHANNESBURG, 8 FEBRUARY 2019 – Despite 2018 being a generally challenging year for both the global and domestic economy, the Metals and Engineering (M&E) sector is poised for a third annual consecutive growth in 2019.

This is according to the Steel and Engineering Industries Federation of Southern Africa (SEIFSA), which this morning officially released its authoritative State of the Metals and Engineering Sector Report for 2019-2020.

Gien the auspicious performance of the M&E cluster of industries in recent years, this year’s Report was published under the theme of “Sharpening the saw –  continuously improving industry activity and competitiveness”.

SEIFSA Chief Economist Michael Ade said the Federation’s forecast is for the entire M&E sector to expand moderately by 1.8% in 2019.  However, the various sub-sectors will register varied levels of growth, with some expanding and others contracting in 2019.

“The prognosis aligns with the outlook for both a moderating global growth and domestic growth in 2018, underpinned by a slowdown in the pace of recovery in commodity exporters, deceleration of growth in commodity importers, a slowdown of growth in global goods and industrial activity during the first half of 2018 and the imposition of broad-based tariffs by the United States on steel and aluminium imports. These developments have serious implications for the growth prospects of the M&E sector, which exports the bulk of its iron and steel products,” said Dr Ade.

Prices of most metals weakened in 2018, largely due to concerns about the effects of tariffs on global growth and trade, with industrial metals particularly responsive to these concerns, given their many uses in the manufacture of tradable goods. However, the expectation is for metal prices generally to stabilise in 2019 and 2020, thereby strengthening exports and improving growth prospects for commodity exporters – including the M&E cluster of industries –  along with enhanced capital inflows.

However, this view is not without downside risks. These include the persistence of trade tensions, diminishing industrial activity, softening of international trade and investment and substantial financial market pressures on some large emerging market and developing economies (EMDEs). Dr Ade said that trade tensions between the US and China, including the imposition of tariffs on an array of products, have had varying effects on metal and agricultural commodities. He said the tensions, which affected roughly 2.5% of global goods trade and had implications for South Africa, continue to remain elevated.

Dr Ade said tighter external financing conditions – which contributed to significant capital outflows and more significant currency pressures in more vulnerable EMDEs, including South Africa – have the propensity of increasing external borrowing costs and the general cost of doing business, also negatively affecting production and foreign fixed investment into the sector.

“To confront this increasingly difficult environment, the most urgent priority is for EMDE policymakers to prepare for possible bouts of financial market stress and rebuild macroeconomic policy buffers as appropriate. Equally importantly, policy makers have to foster stronger potential growth by boosting human capital, removing barriers to investments and promoting trade integration within a rules-based multilateral system,” said Dr Ade.

He said that despite these downside risks, the M&E sector’s moderate growth prospects in 2019 is influenced by the positive growth prospects for key industries which are important markets for the M&E sector’s intermediary products and are crucial in the sector’s value chain.  He said  the performance of the domestic economy, which is forecast to grow at 1.3% in 2019 and 1.7% in 2020, supported by continuous improvement of regional markets in Africa, would also impact positively on the sector’s growth prospects.

According to Dr Ade, Sub-Sahara Africa is envisaged to improve moderately in 2019 (3.4%) and in 2020 (3.6%), providing a basis for more exports from the M&E sector. He said it was likely that this would translate into continued exports, bringing in much-needed foreign currency. He said this was especially so given the fact that Africa is the highest export destination for goods produced by companies in the M&E cluster.

Dr Ade said that 2018 was yet another better year for the M&E sector as it expanded for the second consecutive year, registering an improved estimated annual growth of 2.0%, despite facing serious structural headwinds, including a technical recession in the broader economy. He said  the momentum was expected to continue in 2019.

Dr Ade said notwithstanding  continuous constraints to the current potential to improve on margins in the M&E sector, all indications are that the sector will record another increase in growth during 2019, barring any major disruptions to production

“Given the recent resilience in production in the M&E sector, despite companies facing domestic headwinds, a need exists to ensure that the sector remains attractive by directly reducing increasing intermediate input costs and managing borrowing costs in order to improve consistently on the bottom line, exists,” Dr Ade concluded.

 

 

Issued by:

Ollie Madlala

Communications Manager

Tel: (011) 298 9411 / 082 602 1725

Email: ollie@seifsa.co.za

Web: www.meindaba. seifsa.co.za

 

SEIFSA is a National Federation representing 23 independent employer Associations in the metals and engineering industries, with a combined membership of 1600 companies employing around 200 000 employees. The Federation was formed in 1943 and its member companies range from giant steel-making corporations to micro-enterprises employing fewer than 50 people.

Industrial Relations and Legal Services Executive

By | Careers | No Comments

The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) seeks to appoint an experienced Admitted Attorney as an Industrial Relations and Legal Services (IR&LS) Executive, who will also serve as Company Secretary. Reporting primarily to the Chief Executive Officer on Legal Services and Company Secretary duties and to the Operations Director on the IR part of the job, the IR&LS Executive will be a member of the Executive Committee and assume overall responsibility for training and consulting on IR and legal services.

Specifically, the IR&LS Executive will:

  • Head the Industrial Relations and Legal Services Division made up of four individuals (including the Executive) and lead by example;
  • Have solid knowledge of the country’s Labour Laws, Company Law (the Companies Act 71 of 2008) and Corporate Governance (King III & IV) and have overall responsibility for training and consulting in these and related disciplines;
  • Formulate SEIFSA’s responses to proposed pieces of legislation that may potentially impact on the metals and engineering sector;
  • Have experience in drafting and/or reviewing Policies for companies;
  • Advise SEIFSA member companies and customers on legal matters;
  • Provide legal advice to the CEO and the Board of Directors on any matters and generally represent the Federation on any matters that may lead to litigation;
  • Take minutes at the meetings of the SEIFSA Executive Committee, the Board of Directors and the SEIFSA Council and ensure compliance with the Companies Act 71 of 2008 and, generally, with Good Corporate Governance; and
  • Be part of SEIFSA’s Negotiating Team on wages and conditions of employment with industry trade unions.

The successful candidate will:

  • Be an Admitted Attorney of the High Court with at least 10 years of experience as a practising lawyer (litigation experience is a sine qua non);
  • Be a hard-working, self-motivated person of integrity who is well spoken and has excellent writing skills;
  • Be out-going and good at building and mainThe Steel and Engineering Industries Federation of Southern Africa (SEIFSA) seeks to appoint an experienced Admitted Attorney as an Industrial Relations and Legal Services (IR&LS) Executive, who will also serve as Company Secretary. Reporting primarily to the Chief Executive Officer on Legal Services and Company Secretary duties and to the Operations Director on the IR part of the job, the IR&LS Executive will be a member of the Executive Committee and assume overall responsibility for training and consulting on IR and legal services.Specifically, the IR&LS Executive will:
    • Head the Industrial Relations and Legal Services Division made up of four individuals (including the Executive) and lead by example;
    • Have solid knowledge of the country’s Labour Laws, Company Law (the Companies Act 71 of 2008) and Corporate Governance (King III & IV) and have overall responsibility for training and consulting in these and related disciplines;
    • Formulate SEIFSA’s responses to proposed pieces of legislation that may potentially impact on the metals and engineering sector;
    • Have experience in drafting and/or reviewing Policies for companies;
    • Advise SEIFSA member companies and customers on legal matters;
    • Provide legal advice to the CEO and the Board of Directors on any matters and generally represent the Federation on any matters that may lead to litigation;
    • Take minutes at the meetings of the SEIFSA Executive Committee, the Board of Directors and the SEIFSA Council and ensure compliance with the Companies Act 71 of 2008 and, generally, with Good Corporate Governance; and
    • Be part of SEIFSA’s Negotiating Team on wages and conditions of employment with industry trade unions.

     

    The successful candidate will:

    • Be an Admitted Attorney of the High Court with at least 10 years of experience as a practising lawyer (litigation experience is a sine qua non);
    • Be a hard-working, self-motivated person of integrity who is well spoken and has excellent writing skills;
    • Be out-going and good at building and maintaining healthy relations with different stakeholders, including union leaders or representatives;
    • Be a team player who is committed to SEIFSA’s Corporate Values, embraces diversity and champions transformation;
    • Hold at least an LLB degree.

    Understanding of the metals and engineering industries, collective bargaining and experience as a commercial lawyer will be advantages.

    Applicants should send their CVs, with motivation of their candidature to melanie@seifsa.co.za.

    SEIFSA is a National Federation representing 23 independent employer Associations in the metals and engineering sector, with a membership of about 1 800 companies employing just under 200 000 employees. The Federation was formed in 1943 and companies in Associations federated to it range from giant steel-making corporations to micro-enterprises employing fewer than 50 people.

    SEIFSA’s Core Business is to represent and promote the interests of business in Southern Africa, in particular the metals and engineering industries, through lobbying and capacity building, provision of related services and building of good relations with key stakeholders.

    SEIFSA is committed to the country’s laws on transformation.

    taining healthy relations with different stakeholders, including union leaders or representatives;

  • Be a team player who is committed to SEIFSA’s Corporate Values, embraces diversity and champions transformation;
  • Hold at least an LLB degree.

Understanding of the metals and engineering industries, collective bargaining and experience as a commercial lawyer will be advantages.

Applicants should send their CVs, with motivation of their candidature to melanie@seifsa.co.za.

 

SEIFSA is a National Federation representing 23 independent employer Associations in the metals and engineering sector, with a membership of about 1 800 companies employing just under 200 000 employees. The Federation was formed in 1943 and companies in Associations federated to it range from giant steel-making corporations to micro-enterprises employing fewer than 50 people.

SEIFSA’s Core Business is to represent and promote the interests of business in Southern Africa, in particular the metals and engineering industries, through lobbying and capacity building, provision of related services and building of good relations with key stakeholders.

SEIFSA is committed to the country’s laws on transformation.

Decrease In The Purchasing Managers’ Index For January 2019 Disappointing, Says SEIFSA

By | Featured, Press Releases | No Comments

The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) is disappointed by the decline in overall business activity in the broader manufacturing sector as reflected in the Absa Purchasing Managers’ Index (PMI) released today.

The data shows a slight dip in broader manufacturing activity in the country, registering a decrease against the backdrop of a strong performance last month. The preliminary seasonally-adjusted data showed that the PMI deteriorated from 50.7 points in December 2018 to 49.9 points in January 2019, with the data once again slipping below the benchmark level of 50, which separates expansion from contraction.

SEIFSA Economist Marique Kruger said when compared to December 2018 when the manufacturing sector trended in an expansionary region of 50.7 points, it is evident that there is a deterioration in the business activity index. This is a concern for the metals and engineering (M&E) cluster, especially given the prevailing low levels of domestic demand.

“It is also disheartening to note that nearly all five of the seasonally-adjusted
sub-components correspondingly registered decreases in January 2019 when compared to the previous month, with three out of the five sub-indices trending below the neutral level, Ms Kruger said.

Of the five sub-components, the employment sub-index increased the most, surging from 40.5 points in December 2018 to 48.3 points in January 2019, while the worst-performing sub-index was business activity (49.8 points).

SEIFSA is a National Federation representing 23 independent employer Associations in the metals and engineering industries, with a combined membership of 1600 companies employing around 200 000 people. The Federation was formed in 1943 and its member companies range from giant steel-making corporations to micro-enterprises employing fewer than 50 people.

Decrease In PPI For December 2018 Is Disappointing, Says SEIFSA

By | Featured, Press Releases | No Comments

Johannesburg, 31 January 2019 –  The latest data for the Producer Price Index (PPI) for intermediate manufactured goods is disappointing, indicating a further deterioration in selling price inflation in the Metals and Engineering (M&E) cluster of industries for December 2018, Steel and Engineering Industries Federation of Southern Africa (SEIFSA) Economist Marique Kruger said today.

The data, released by Statistics South Africa today, shows a slowdown in both the PPI for final manufactured goods and the PPI for intermediate manufactured goods from 6.8 percent in November 2018 to 5.2 percent in December 2018 and from 6.0 percent in November 2018 to 5.0 percent in December 2018, respectively.

Ms Kruger said the declining trend in PPI for intermediate manufactured goods is generally of concern to producers in the M&E cluster of industries since this PPI measures selling price inflation.

“Although declining prices are beneficial to those who buy the M&E sector’s products, the same cannot be said of businesses in the sector, which are struggling to improve on declining operational surpluses and profit margins,” Ms Kruger said.

Moreover, Ms Kruger said the decrease in the PPI for intermediate manufactured goods has the potential of reducing the existing positive differential between input cost inflation and selling price inflation.

She said it was necessary to maintain a positive differential between the selling price inflation and input cost inflation not only to sustain current businesses, but to also assist in creating new businesses in the medium to long term.

SEIFSA is a National Federation representing 23 independent employers Associations in the metals and engineering industries, with a combined membership of 1600 companies employing around 200 000 employees. The Federation was formed in 1943 and its member companies range from giant steel-making corporations to micro-enterprises employing fewer than 50 people

About The State of the Metals and Engineering Report

By | State of the Metals Industry Report | No Comments

The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) is the undisputed voice of the metals and engineering sector in South Africa and the region. Its knowledge and understanding of the sector are unequalled.

Since its formation in 1943, SEIFSA has seen the metals and engineering sector go through great times and – especially in recent years – challenging times. Not only has it kept pace with developments in the sector, but often it has been a crucial – and sometimes indispensable – part of those developments and a reliable voice of the sector.

Long known for and strongly associated with collective bargaining, SEIFSA offers various products and services of great importance to companies in the metals and engineering sector, including those in other economic sectors with close links to this part of the economy. It boasts four Divisions led by respected experts in their respective fields – Economics and Commercial; Industrial Relations and Legal Services; Human Capital and Skills Development; as well as Safety, Health, Environment and Quality. These services range from consulting through to training, both public and in-house.

Our revered Economics and Commercial (EC) Division is a repository of much of the information on the sector’s economic performance over the years. For more than half a century, the EC Division has published the unique and indispensable SEIFSA Price and Index Pages (PIPS). Over the past two decades, the Division has also conducted training for those keen to benefit from our training in Contract Price Adjustments (CPA).

It is a privilege to present to you the State of the Metals and Engineering Sector 2019 to 2020, which has been compiled by Dr Michael Ade and Ms. Marique Kruger.

The metals and engineering sector has experienced considerable challenges in recent years. We consider it to be imperative that policy makers take relevant steps to protect it and its sub-industries, on a temporary basis, from more internationally-subsidised and efficient producers in order to boost local production capacity and ensure their competitiveness. To this end, designation and localization of production processes is vital, as is the ring-fencing of strategic imported inputs to explore the possibility of producing them locally.

This comprehensive State of the Metals and Engineering Sector Report provides key insights to such a stance by highlighting some of the most imported inputs.

I have not the least doubt that all who monitor closely he fortunes of the broad metals and engineering sector and its sub-sectors in Southern Africa, and those with even a passing interest in it and its related sectors, will find this Report invaluable. As usual, I commend this Report highly to all who are keen to understand a very important – and strategic – part of the broad manufacturing sector, and thank Dr Ade and Ms. Kruger for their labour of love.

Both Michael Ade and Marique Kruger are available for consultations with stakeholders interested in deepening their understanding of the metals and engineering sector and its sub-industries. They can be reached at Michael.ade@seifsa.co.za and marique@seifsa.co.za by those companies keen to invite them to help during their strategic planning sessions, for consultations on any aspect of the sector or to book CPA training.

We, at SEIFSA, values you, as an important stakeholder in the metals and engineering sector. We wish you everything of the very best in 2019.

[i]
[i]
[i]
[i]