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Easing Consumer Inflation

Easing Consumer Inflation Bodes Well For Business and Consumers

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Johannesburg, 22 May 2019 – The official inflation number released by Statistics South Africa (Stats SA) today bodes well for businesses and consumers overwhelmed by persistent, recent increases in fuel prices and a depreciating currency  which makes imported inputs more expensive, the Steel and Engineering Industries Federation of Southern Africa (SEIFSA) said this morning.

The annual consumer price inflation (CPI) slowed marginally to 4.4 percent in April 2019, from 4.5 percent in March 2019. The month-on-month movement in the consumer price index was 0.6 percent in April 2019.

“Given that the data eased well within the South African Reserve Bank’s (SARB) inflation target band, the downward trajectory is welcome. The release of the CPI data, which comes a day before the SARB is set to make an announcement on interest rates and inflation, will invariably impact on how Monetary Policy Committee (MPC) members may vote,” SEIFSA Economist Marique Kruger said.

She added that the slowdown in the official inflation number bodes well for companies in the Metals and Engineering (M&E) sector in particular and the broader manufacturing sector, as it reduces both operational costs and the cost of goods soldHowever, she warned that increasing input costs may add to high fuel prices which, together with the weaker rand, may impact negatively on business margins.

“It is against the backdrop of continuously rising intermediate input costs that a prudent suggestion is made for the SARB’s MPC to leave interest rates unchanged tomorrow in order to contain business costs and support businesses under duress,” Ms Kruger 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

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.

Rebound In Unemployment Rate Calls For Urgent Interventions, Says SEIFSA

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Johannesburg, 14 May 2019 – The quarterly labour force survey (QLFS) employment data released by Statistics South Africa (Stats SA) today – reflecting a rebound in the unemployment rate for quarter one of 2019 –  is a reality check for all South Africans following the outcome of last week’s elections and highlights the mammoth task still facing policy makers in dealing with the scourge, Steel and Engineering Industries Federation of Southern Africa (SEIFSA) Economist Marique Kruger said this afternoon.

Speaking after the release of the data, Ms Kruger said the results of the QLFS, which is a broader household-based sample survey that captures labour market activities of persons aged 15-64 years, highlights the urgent need for targeted interventions to address the fundamental factors inhibiting job creation in South Africa.

Despite the worrisome performance of the aggregate employment numbers, a nuance of the data showed that the manufacturing sector, of which the metals and engineering (M&E) sector is part, encouragingly gained 0,8% of total employment or 14 000 jobs between Q4 2018 and Q1 2019, with employment increasing from 1 766 000 during the period spanning October to December 2018 to 1 780 000 during the period spanning January to March 2019. However, on a year-on-year basis, the manufacturing sector lost an alarming 69,000 jobs, representing 3.7%.

On aggregate, the quarterly labour force review showed that over 86 000 jobs in total were lost on a year-on-year basis between January-March of 2018 and January-March of 2019, amounting to 0,5% decrease.

“This is disconcerting as the data increases the official unemployment rate to 27,6%, which is counter-productive to the objectives of the National Development Plan aimed at reducing the unemployment rate to 15% by 2030. Moreover, the high unemployment level and, by extension, a corresponding low productivity must have impacted negatively on economic growth in the medium term. The data makes it difficult to predict a significant improvement in the anticipated Q1 2019 GDP numbers, which may confirm that SA is on a firm trajectory to improve on last year’s annual GDP growth of 0.8%,” Ms Kruger said.

She added that the persistent decrease in employment highlights the need for a targeted intervention by policy makers, including the creation of a platform to urgently implement the recommendations made at the last jobs summit. She said the unemployment situation spans all industrial sectors and is a national crisis which needs to be addressed collectively by all, including the business community.

Ms Kruger said that, in the same breath, continuous support for struggling businesses via various forms of interventions is important to achieve and maintain higher economic growth, since employment levels are generally supposed to increase or decrease on the back of higher or lower economic activity.

“As South Africans collectively seek sustainable solutions to the unemployment problem at the macro-level, there is a need also to encourage targeted entrepreneurship or self-employment  for the lower skills base  at the micro-level, aimed at providing solutions to existing challenges faced by the local communities, or promote opportunity-driven – rather than necessity-driven – entrepreneurships  since they cater largely for sustainable informal employment,” 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.
Five Reasons to Train

FIVE REASONS TO TRAIN YOUR STAFF AT SEIFSA

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1. SEIFSA Represents the Metals and Engineering Industries

When looking for a training provider, researching a training provider’s track record is smart business practice. Primarily, there are two things to consider:

  • For how long has this company been training?
  • Have they worked with a company such as yours in the past?

As a Federation, SEIFSA has represented the metals and engineering sector since 1943. SEIFSA has pushed for the industry’s best interests since for more than 75 years.

Today, SEIFSA is a Federation comprising 21 affiliated Employer Associations consisting of over 1200 companies in the metals and engineering cluster of industries. Companies range in size from gargantuan to small and micro businesses employing 10 employees all the way up to thousands.

SEIFSA’s core mandate from year to year is to collect mandates from all of the federated member Associations. These mandates are a compilation of the thoughts and ideas of people from the sector who deal with the day-to-day realities of running companies. Industrial relations, Skills Development, Tenders and Safety Legislation, among other things, are the main issues that challenge everyone in the sector – and SEIFSA provides a one-stop shop for industry solutions.

Our Federation’s goals are aligned with more than 10,000 companies that constitute the metals and engineering sector – its unique culture, concerns, day-to-day realities, future expectations and goals. Thus, we have a keener and more mature eye for what keeps businesses moving forward and competitive in the metals and engineering sector.

2. Positioning the Metals and Engineering Sector for Growth

The Main Agreement is perhaps by far the most prominent example of our desire for growth and working in partnership with all stakeholders. It is the metals and engineering industries’ industrial relations handbook or “playbook”.

As SEIFSA, we played one of the leading roles in the Main Agreement’s negotiation and implementation.

No other training provider can claim to have more knowledge about the Main Agreement than SEIFSA.  At its core, this Agreement is meant to bring about stability, reduce the chances of strikes and ensure smoother operations on a day-to-day basis for many companies.

It is the sector’s select version of dealing with challenges that cause disruption to companies. It gives way to wage-paying grades and working systems that allow companies to operate on a level playing field in the sector. We offer training on aspects directly connected thereto in order to help companies achieve maximum results in their daily operations (Link to Training Courses).

Another unique training product is SEIFSA’s “Theory and Calculation of Cost Price Adjustment”. This course is run by the Economics and Commercial Division as a support programme for SEIFSA’s Price and Index Pages (PIPS). These two powerful products give companies the edge when competing for Tenders. A company has a considerably reduced chance if it applies for a tender without using the SEIFSA PIPS.

3. Personal Touch: Unique and Customisable

A question that should be asked when sourcing a training provider is: Is the content they provide customized, generic or “off the shelf”?

Why?

Context matters just as much as content.

When SEIFSA trains people, we are aware of who is in the room; we are aware of their needs; and we can be relied upon to provide further assistance. The SEIFSA team has the experience and expertise to consolidate with one-on-one consultations or in-house training for large groups within a particular company.

This is how SEIFSA demonstrates relevance and an in-depth knowledge through our various subject-matter experts and four Divisions, namely:

Training is a massively beneficial tool for an organisation’s workforce, but it can be a major disappointment when willing participants think or realise that the trainer demonstrates a lack of knowledge or buy-in with regards to the sector. In these instances, people are bound to be disengaged with the content and disregard both the trainer and his/her knowledge altogether.

Our team of trainers and consultants – including our Alliance Partners – consists of experts that have operated in the industry and provided training for decades.

SEIFSA takes this aspect very seriously and is committed to a great trainee experience. We ask for feedback from companies we train, at our offices or in-house, and run a professional feedback service that help us to improve our service constantly.

4. Accreditation

In March 2019, SEIFSA received renewal of its accreditation as a Skills Development Provider and Assessment Centre. SEIFSA has accreditation under four Qualification Titles under the Further Education and Training (FETC) Certification Programme:

  • FETC – Generic Management:
  • FETC – Inventory Control,
  • FETC – Manufacturing Control,
  • FETC – Planning and Scheduling Techniques and Process Manufacturing.

SEIFSA Training has become “the tip of the arrow” and its courses offer the required stamp of approval.

Five Reasons to Train

5. Follow-up, Guidance and Career Assistance

Learning is not an event. We know it is part of your journey. SEIFSA Training is designed to make you and the company you represent better.

Our system:

  • Helps trainees assess whether they are ready to apply what they have learned;
  • Gives you evidence, proving to you and your business that you have improved your capabilities in a key area of your business;
  • Gives you a clear way to proceed if information demonstrates what you need to improve upon in your business environment;
  • Gives you guidance as to your progress with regards to policies and/or legislation that need your company’s compliance; and

Leverages your recognition of prior learning (RPL) to enhance your career path.

Five Reasons to Train - Book Training
SEIFSA construction worker

SEIFSA Welcomes Improvement In Manufacturing Output For March 2019

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Johannesburg, 9 May 2019 – The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) welcomes the increase in output in the broader manufacturing sector in March 2019, despite a difficult operating environment.

Speaking after the release of manufacturing production figures by Statistics South Africa, SEIFSA Economist Marique Kruger said against the backdrop of a corresponding decline in business confidence and volatility in input costs, the improvement in production for March is encouraging.

The latest preliminary data, released today, captures an increase in output in the manufacturing sector, in line with a positively-trending manufacturing data from the beginning of the year. This is the third month from January 2019 that the manufacturing production data has been on the increase, following a positive growth of 0.8 percent recorded in January 2019 and 0.5 percent recorded in February 2019. Ms Kruger said the trend is encouraging as it filters down to the performance of the Metals and Engineering (M&E) cluster of industries, which are under duress.

“The stagnant domestic demand, nondescript consumer confidence, rebounding business expectation and low business confidence, including volatile input costs, have collectively really boxed businesses into a corner. The domestic operational environment for businesses is indeed worrisome, with extended implications for employment. However, the expectation is for businesses in the M&E cluster and broader manufacturing to remain resilient in the face of the current difficulties, pending a clear policy direction and certainty following the sixth democratic general elections this week,” Ms Kruger said.

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.
SEIFSA SA FLAG 300x300

POLITICAL STABILITY, ECONOMIC GROWTH, RELIABLE POWER SUPPLY MUST BE AT THE TOP OF THE WINNING PARTY’S AGENDA

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Johannesburg, 7 May 2019 – Political stability, policy certainty, economic growth as well as reliable and uninterrupted power supply are some of the most important items that should feature prominently on the list of the winning political party’s agenda, Steel and Engineering Industries Federation of Southern Africa (SEIFSA) CEO Kaizer Nyatsumba said today.

Speaking ahead of tomorrow’s elections, Mr Nyatsumba said given the tough economic conditions that South Africa currently finds itself in, it is of paramount importance that the winning political party prioritizes economic growth, which would in turn contribute towards reversing social ills that are a direct result of stagnation, such as high unemployment rates, poverty and crime.

“Political stability and policy certainty are a pre-requisite for any country’s economic growth. In South Africa, political stability can ignite economic growth and generate much-needed employment, especially for the millions of young people who are neither in education nor employment,” Mr Nyatsumba said.

He added that for economic growth to happen, South Africa needs to ensure that there is also policy certainty and coherence as well as solid infrastructure, such as reliable and uninterrupted power supply. He said he was hopeful that the new administration would also tackle rampant corruption and maladministration, which would in turn boost investor confidence and improve South Africa’s credit ratings.

On the metals and engineering sector, Mr Nyatsumba said as a Federation representing companies operating in this crucial sector, SEIFSA calls upon the winning party or parties to be effective in implementing and monitoring designation of local content in production processes across all value chains.

He also called on the new administration to prioritise local businesses in all investment and construction projects, including Black Economic Empowerment partners in order to comply with South African rules designed to address racial disparities which continue to exist more than two decades after the end of apartheid

Mr Nyatsumba also called on all eligible South Africans to ensure that they exercise their right to vote in this election. He said that an election was a very concrete demonstration of the fact that power comes from ordinary citizens, to whom elected officials should always be accountable.

In conclusion, Mr Nyatsumba said SEIFSA stands ready to work hand in hand with the new administration in rebuilding South Africa’s economy and creating much-needed jobs.

“We remain committed to reversing the economic fortunes of our beloved country and are eager to engage robustly with the new leadership that will emerge after the elections,” Mr Nyatsumba said.

Ends

 

Issued by:

Ollie Madlala

Communications Manager

Tel: (011) 298 9411 / 082 602 1725

Email: ollie@seifsa.co.za

Web: www.seifsa.co.za

SEIFSA to Celebrate Companies

Fifth Annual SEIFSA Awards For Excellence See Record Increase In Entries

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Johannesburg, 5 May 2019 – THE 2019 SEIFSA Awards for Excellence have seen a record increase in the number of entries received, indicating their growing popularity and prestige, Steel and Engineering Industries Federation of Southern Africa (SEIFSA) CEO Kaizer Nyatsumba said this morning.

Speaking after the Awards adjudication process, which took place yesterday (Thursday), Mr Nyatsumba said the increase in the number of entries submitted across the seven categories confirms that the SEIFSA Awards for Excellence have, indeed, grown in leaps and bounds over the years.

Born five years ago out of the need to encourage growth and celebrate excellence in the metals and engineering sector, the SEIFSA Awards for Excellence, through their seven categories, offer a wonderful opportunity for companies operating in the crucial metals and engineering sector to receive well-deserved acknowledgement and respect by industry peers for their capabilities, expertise and innovation.

This year, Mr Nyatsumba said the winner and the runner-up in the Most Innovative Company of the Year category will also get free entry tickets to attend the South African Innovation Summit, which will take place in Cape Town in September.

Meanwhile, Mr Nyatsumba also announced that Youth Employment Services (YES) CEO Tashmia Ismail-Saville will be the 2019 Guest Speaker at the event. A joint initiative between business, labour and government, YES was created to address South Africa’s youth unemployment challenge by creating one million work experiences in the country.

“The challenge of youth unemployment is a serious one and calls for Government, business and labour to work together to address it. It is for this reason that we have invited Ms Ismail-Saville to be the Guest Speaker at this year’s SEIFSA Awards for Excellence,” Mr Nyatsumba said.

Winners of the 2019 SEIFSA Awards for Excellence will be announced at a ceremony that will take place at the Sunnyside Park Hotel in Parktown, Johannesburg on 23 May 2019.

 

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.

Resilient Purchasing Managers’ Index For April 2019 Is Encouraging For Manufacturing Production Lines, Says SEIFSA

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Johannesburg, 2 May 2019 – The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) notes with optimism the increase in the seasonally-adjusted Absa Purchasing Managers’ Index (PMI) released today for April 2019, as the rebounding indicator is encouraging for production processes, Chief Economist Michael Ade said today.

Based on a survey of purchasing executives, the composite PMI data for April 2019 show an improved level of industrial activity, recording 47.2 points compared to 45.0 points in March 2019. A reading above 50 indicates an expansion, while one below 50 indicate a contraction, compared with the previous months. The improving trend corroborates data released by Statistics South Africa (Stats SA) earlier this year, which still reflect a positively trending year-on-year growth in manufacturing volume, albeit slowing down.

“Encouragingly, the latest seasonally-adjusted preliminary data arrest a declining trend in the composite PMI since the beginning of the year, with the numbers moving from a nondescript 49.9 to 46.2 and a lower 45.0 points in the respective months of January, February and March of 2019. Moreover, the deterioration in production activity during quarter one of 2019, as a proxy by the aggregate PMI, contemporaneously mimics the slump in key indicators such as the business expectation, business confidence and consumer confidence indices.

“The current performance of the PMI is also against the backdrop of a rebound in expected business conditions in April 2019 and is reassuring,” Dr Ade said.

Of greater concern, though, according to Dr Ade, is the high volatility and heightened uncertainty in the trajectory of the PMI sub-indices – namely  business activity, inventories, suppliers’ performance, employment and new sales orders –  which do not provide much confidence to purchasing executives. He said particular references are made to the slight dip in suppliers’ performance and employment indices, and the acute decrease in the inventories sub-index, recording 53.4, 41.9 and 42.5 points respectively.

Dr Ade said the April reading of the inventory sub-index indicates a sharp contraction from an expansionary zone in March and is worrisome. He said the trend could delay or even clog chain manufacturing processes, thus spelling serious trouble for manufacturing production lines in a subdued domestic economic growth environment.

“Typically, manufacturing entails division of tasks and capital or labour is supposed to complete a particular task before a product moves to the next position in the production chain. In a situation where there is non-performance by contractors, shortage of material, inventory or labour, including partial delivery as reflected by the divergent data of the PMI sub-indices, there will be a negative impact on a set of sequential manufacturing operations.

“These include negative effects on production lines in smelters, mills or factories, where inputs are refined to produce intermediate or final products, with grave implications for the broader economy,” Dr Ade said.

He added that the improved performance of the composite PMI is encouraging, given the tough economic environment for local businesses, which must also worry about galloping petrol prices as well as rising energy and input costs, while planning production processes.

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.
Awards Thumbnail

SEIFSA AWARDS FOR EXCELLENCE – FINAL CALL FOR ENTRIES

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Johannesburg, 26 April 2019 – The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) has urged companies that are yet to submit entries for the 2019 SEIFSA Awards for Excellence to do so before tonight’s midnight deadline.

Now in their fifth year, the Annual SEIFSA Awards for Excellence, which are open to all employers in the metals and engineering sector –  including those which are non-SEIFSA members –  offer a wonderful opportunity for companies operating in the metals and engineering sector to receive well-deserved acknowledgement and respect by industry peers for their capabilities, expertise and innovation.

SEIFSA Chief Executive Officer Kaizer Nyatsumba said the Awards were born of a need to encourage growth and celebrate excellence in the crucial metals and engineering sector.

“In such tough economic conditions, we at SEIFSA believe that it is of paramount importance for those companies that still excel at what they do, in spite of the economic challenges, to get the acknowledgement and recognition they so richly deserve. It is against this backdrop that we encourage manufacturers operating in the metals and engineering sector to take advantage of the opportunities for recognition offered by the increasingly prestigious SEIFSA Awards for Excellence and submit their entries for the seven categories before the midnight deadline tonight,” Mr Nyatsumba said.

Last Day To Book

Entrants will be assessed on their performance in the period July 1 2017 to December 31 2018 in seven different categories, namely:

  • The Most Innovative Company of the Year, which will be awarded to a company that showed the best level of innovation in research and development or production between July 2017 and December 2018;
  • The Health and Safety Award of the Year will be offered to a company with the best legal compliance record in Health and Safety or the lowest Lost-Time Injury Frequency rate in 2018;
  • The company rated the highest in customer service performance between July 2017 and December 2018 will receive the Customer Service Award of the Year; and
  • The Environmental Stewardship Award will go to a company that has successfully implemented greening initiatives in its day-to-day business operations between July 2017 and December 2018.
  • This is the Decade of the Artisan, and an award will be made to the company that trained the highest number of artisans between July 2017 and December 2018;
  • The Best CSI Award will be presented to a company whose corporate social investment programme/s between July 2017 and December 2018 had a major impact on the lives of its beneficiaries.
  • The Most Transformed Company of the Year Award category is split into two by company size: the first covers companies employing fewer than 100 people and the second one looks at companies employing more than 100 people. This, according to Mr Nyatsumba, ensures that companies are judged against their peers to encourage fairness.

The 2019 Award winners will be honoured at a ceremony that will take place at the IDC Conference Centre in Sandton on 23 May 2019.

 

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.
Last Day To Book

Continuous Improvement in Selling Price Inflation Encouraging For Producers in The Metals And Engineering Cluster

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Johannesburg, 25 April 2019 – The latest Producer Price Index (PPI) data for intermediate manufactured goods indicating a further improvement in selling price inflation in the Metals and Engineering (M&E) sector for March 2019 is encouraging, says the Steel and Engineering Industries Federation of Southern Africa (SEIFSA).

The data, released by Statistics South Africa (Stats SA) today, shows that the annual percentage change in the PPI for intermediate manufactured goods –  which is a proxy for selling price inflation for the M&E cluster –  improved alongside the PPI for final manufactured goods. On a year-on-year basis, the PPI for intermediate manufactured goods increased to 6.3 percent in March 2019, from the 3.9 percent recorded in February 2019. The main contributors to the annual rate of 6.3 percent were basic and fabricated metals and chemicals, rubber and plastic products. Contemporaneously, the PPI for final manufactured goods for the broader manufacturing sector also registered an increase of 6.2 percent in March 2019 from 4.7 percent in February 2019

“Against the backdrop of stalled domestic demand, unpredictable energy supply, ballooning petrol prices which add to increasing logistics costs, the improvement in the PPI for intermediate manufactured goods augurs well for the sub-components of the M&E cluster, which now have more leeway to manoeuvre around high operational and intermediate costs,” SEIFSFA Chief Economist Michael Ade said.

He added that the second-round effects of fuel price increases are usually difficult for small and medium enterprises. Given that businesses in the value chain and service providers – including logistics companies – gradually pass the increases in fuel prices on to their customers, resulting in high operational costs, the improvement in PPI is encouraging.

Dr Ade said better selling prices enable businesses to improve on existing margins and it is, therefore, imperative that a positive differential between input cost inflation and selling price inflation be maintained.

 

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.
SEIFSA to Celebrate Companies

SEIFSA Awards For Excellence – Deadline Looming For Entries

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Johannesburg, 25 April 2019 – The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) has urged companies operating in the metals and engineering sector to make use of the remaining two days to enter the 2019 SEIFSA Awards for Excellence, which are open to all employers in the sector, including those which are not members of SEIFSA.

Now in their fifth year, the Annual SEIFSA Awards for Excellence were born of a need to encourage growth and celebrate excellence in the metals and engineering sector. The Awards offer a wonderful opportunity for companies operating in this crucial sector to receive well-deserved acknowledgement and respect by industry peers for their capabilities, expertise and innovation.

“In the current tough economic conditions, we at SEIFSA believe that it is of paramount importance for those companies that excel at what they do to get the acknowledgement and recognition they so richly deserve. It is against this backdrop that we encourage manufacturers operating in the metals and engineering sector to take advantage of the opportunities for recognition offered by the increasingly prestigious SEIFSA Awards for Excellence and submit their entries for the seven categories before tomorrow’s deadline date (Friday, 26 April 2019), SEIFSA Chief Executive Officer Kaizer Nyatsumba said.

Mr Nyatsumba said entrants will be assessed on their performance in the period July 1 2017 to December 31 2018 in seven different categories, namely:

  • The Most Innovative Company of the Year, which will be awarded to a company that showed the best level of innovation in research and development or production between July 2017 and December 2018;
  • The Health and Safety Award of the Year will be offered to a company with the best legal compliance record in Health and Safety or the lowest Lost-Time Injury Frequency rate in 2018;
  • The company rated the highest in customer service performance between July 2017 and December 2018 will receive the Customer Service Award of the Year; and
  • The Environmental Stewardship Award will go to a company that has successfully implemented greening initiatives in its day-to-day business operations between July 2017 and December 2018.
  • This is the Decade of the Artisan, and an award will be made to the company that trained the highest number of artisans between July 2017 and December 2018;
  • The Best CSI Award will be presented to a company whose corporate social investment programme/s between July 2017 and December 2018 had a major impact on the lives of its beneficiaries.
  • The Most Transformed Company of the Year Award category is split into two by company size: the first covers companies employing fewer than 100 people and the second one looks at companies employing more than 100 people. This, according to Mr Nyatsumba, ensures that companies are judged against their peers to encourage fairness.

The 2019 Award winners will be honoured at a ceremony that will take place at the IDC Conference Centre in Sandton on 23 May 2019.

 

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.