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).

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.