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Press Release – 2016/11/11: SEIFSA WELCOMES POSITIVE, SHORT-TERM IMPROVEMENT IN PRODUCTION, BUT WARNS THAT THE SECTOR HAS NOT YET TURNED THE CORNER

By | SEIFSA News - Press Releases 2015 | No Comments

 

JOHANNEBURG, 1O November 2016 – The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) welcomes the latest manufacturing production data released by Statistics South Africa (StatsSA) today, showing an improvement in the metals and engineering sector’s production for September.

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Press Releases 2016/11/02: SEIFSA CONCERNED ABOUT MORE SEVERE CONTRACTION IN THE METALS AND ENGINEERING SECTOR

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JOHANNEBURG, 01 November 2016 – The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) today expressed grave concern at the continuing contraction in the metals and engineering sector, as indicated by the recent Purchasing Managers’ Index data released by the Bureau of Economic Research/Barclays (BER).

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SEIFSA WELCOMES FINANCE MINISTER’S FISCAL PRUDENCE, BUT FEELS THAT IT IS NOT SUFFICIENT

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PRESS RELEASE – 2016/10/27: SEIFSA WELCOMES FINANCE MINISTER’S FISCAL PRUDENCE, BUT FEELS THAT IT IS NOT SUFFICIENT
JOHANNEBURG, 27 October 2016 – The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) welcomes the fiscal consolidation intended by Finance Minister Pravin Gordhan’s Medium-Term Budget Policy Statement yesterday, but believes that more  tougher measures will be necessary to turn our economy around.

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SEIFSA CAUTIOUSLY WELCOMES CPI REPRIEVE WHICH RELIEVES CONSUMERS

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JOHANNEBURG, 21 September 2016 – The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) cautiously welcomes the inflation reprieve as indicated today by Statistics South Africa’s (StatsSA) inflationary data. This development is supported by the annual core inflation reading that has maintained similar figures in the July 2016 and August 2016 periods.

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METALS AND ENGINEERING PRODUCTION DISAPPOINTS AGAIN, IGNORING THE HEALTHIER GDP FIGURES

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JOHANNEBURG, 8 September 2016 – The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) today expressed its disappointment at the latest production figures which indicate a continuing slump in the metals and engineering sector – after the Federation warned earlier this week that the promising gross domestic production numbers overshot the sector.

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Press Release – 2016/09/06: FIXED-INVESTMENT EXPENDITURE IS IMPORTANT TO STIMULATE GROWTH IN THE METALS AND ENGINEERING SECTOR

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JOHANNESBURG, 6 September 2016 – The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) today welcomed Statistics South Africa’s announcement that the economy and manufacturing grew by 3,3% and 8,1%, respectively, in the second quarter – but warned that the country desperately needed political and policy certainty in order to ensure sustainable growth.

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Press Release – 2016/09/02: SEIFSA CONCERNED ABOUT SERIOUS DISTRESS FOR THE METALS AND ENGINEERING SECTOR INDICATED BY LATEST PMI

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JOHANNESBURG, 1 September 2016
– The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) today expressed its growing concern about the deepening distress level in the sector following the release of alarming Purchasing Managers’ Index (PMI) data by Bureau of Economic Research.

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PRESS RELEASE – 2016/08/17: SEIFSA WELCOMES THE COURT’S DECISION TO SET ASIDE ESKOM’S ELECTRICITY PRICE INCREASE

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JOHANNEBURG, 17 August 2016
– The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) today welcomed the court’s decision to set aside the electricity price increase approved by the National Energy Regulator of SA (Nersa) a few months ago.

Nersa had previously approved Eskom’s application to increase its electricity tariff from a previous hike of 3.4% to 9.4%, applicable from 2016. At the time of these developments, SEIFSA condemned the increase and raised concerns on the impact of expensive electricity on the already pressured metals and engineering sector.

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