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SA’s metals sector and engineering are at a crossroads

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SA’s metals sector and engineering are at a crossroads, an opinion editorial by Henk Langenhoven, SEIFSA’s chief economist featured in both The Star’s Business Report and Business Day on 17 August 2016.

There is no doubt that the metals and engineering sector in South Africa is at a crossroad. Unfortunately, the debate about what needs to be done focuses almost entirely on tariff protection and whether upstream or downstream industries will benefit or be harmed by this move. This makes the perspective a type of zero-sum game analysis.

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Speech by SEIFSA CEO, Kaizer Nyatsumba, at Voith Turbo regarding the significance of Voith Turbo being Company of the Year

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In their book, No Ordinary Disruption: The Four Global Forces Breaking All The Trends, McKinsey Global Institute Directors Richard Dobbs, James Manyika and Jonathan Woetzel warn about “four forces colliding and transforming the global economy: the rise of emerging markets, the accelerating impact of technology on the natural forces of market competition, an aging world population, and accelerating flows of trade, capital and people.” They stress that any business or country hoping to remain in business or competitive simply has no choice but to understand, embrace and anticipate these powerful forces and to move either in tandem with or, whenever possible, ahead of them. Read more.

SEIFSA encourages affected members to participate in review of customs duty on downstream steel products

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The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) encourages affected members to participate in a review of customs duty on downstream steel products following a tariffs call coordinated by the International Trade Administration Commission of South Africa (ITAC).

“SEIFSA encourages any member company or Association that needs to apply or act on behalf of its members to do so,” said Henk Langenhoven, SEIFSA Chief Economist.

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