IMPROVEMENT IN MANUFACTURING PRODUCTION DATA ENCOURAGING, SAYS SEIFSA

JOHANNESBURG, 12 JULY 2021 – The continued improvement in manufacturing sector production and sales data is an indication of sporadic signs of economic recovery from the impact of COVID-19 lockdowns, the Steel and Engineering Industries Federation of Southern Africa (SEIFSA) said today. According to manufacturing data released by Statistics South Africa (StatsSA), total manufacturing production improved […]

LATEST EMPLOYMENT NUMBERS REFLECT A TURBULENT PATH TO ECONOMIC RECOVERY, SAYS SEIFSA

LATEST EMPLOYMENT NUMBERS REFLECT A TURBULENT PATH TO ECONOMIC RECOVERY, SAYS SEIFSA JOHANNESBURG, 29 JUNE 2021 – The Quarterly Employment Statistics (QES) data released today by Statistics South Africa (StatsSA) reflect South Africa’s turbulent path to economic recovery amid the deepening negative impact of COVID-19 restrictions on the economy, the Steel and Engineering Industries Federation […]

SEIFSA WELCOMES ENCOURAGING FIRST-QUARTER ECONOMIC GROWTH

SEIFSA WELCOMES ENCOURAGING FIRST-QUARTER ECONOMIC GROWTH JOHANNESBURG, 8 JUNE 2021 – The uptick in economic growth during the first quarter of 2021 in South Africa is encouraging as it indicates increased demand for local goods and services – a key driver for much-needed job creation, the Steel and Engineering Industries Federation of Southern Africa (SEIFSA) […]

RISE IN CONSTRUCTION AND BUILDING MATERIAL SALES BODES WELL FOR M&E SECTOR, SAYS SEIFSA

RISE IN CONSTRUCTION AND BUILDING MATERIAL SALES BODES WELL FOR M&E SECTOR, SAYS SEIFSA JOHANNESBURG, 20 MAY 2021 – The uptick in sales of construction and building materials, amid increased construction activity, is encouraging and bodes well for the Metals and Engineering (M&E) sector, the Steel and Engineering Industries Federation of Southern Africa (SEIFSA) said […]

LOW CAPACITY UTILISATION IN MANUFACTURING SECTOR A CONCERN, SAYS SEIFSA

LOW CAPACITY UTILISATION IN MANUFACTURING SECTOR A CONCERN, SAYS SEIFSA JOHANNESBURG, 6 MAY 2021 – Persistant low levels of capacity utilisation in the manufacturing sector and low demand for locally manufactured goods are worrying as COVID-19 alert restrictions continue to limit operations at industrial plants, the Steel and Engineering Industries Federation of Southern Africa (SEIFSA) […]

DECLINING TREND IN MANUFACTURING SECTOR PRODUCTION WORRYING, SAYS SEIFSA

JOHANNESBURG, 8 APRIL 2021 – The unabated decline in manufacturing production is worrying and may worsen further amid steep electricity tariff and transport cost increases, the Steel and Engineering Industries Federation of Southern Africa (SEIFSA) said today. According to data released by Statistics South Africa today, total manufacturing production declined by 2.1% year on year […]

RISE IN CONSTRUCTION AND BUILDING MATERIAL SALES SHOWS SIGNS OF GREEN SHOOTS FOR ECONOMY, SAYS SEIFSA

JOHANNESBURG, 18 MARCH 2021 – The uptick in sales of construction and building materials, amid increased construction activity, is encouraging and bodes well for the Metals and Engineering (M&E) sector, the Steel and Engineering Industries Federation of Southern Africa (SEIFSA), said today. SEIFSA Chief Economist Chifipa Mhango said the increase in the sale of construction […]

BUSINESS WELCOMES THE EXTENSION OF THE TERS BENEFIT TO MID-AUGUST

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Business welcomes the extension of the Temporary Employer/Employee Relief Scheme (TERS) benefit beyond its original 3-month term by an additional month-and-a-half until mid-August. The announcement of this today by Deputy Minister of Employment and Labour, Ms Boitumelo Moloi, will come as a relief to the many employers and employees whose businesses are either unable to operate […]

BUSA CIRCULAR TERS

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TEMPORARY EMPLOYER/EMPLOYEE RELIEF SCHEME (TERS) FINALISED Minimising loss of income and economic impact for employees and employers during COVID-19 Business for SA, welcomes the agreement finalised between government, business and labour at Nedlac on the Temporary Employer/Employee Relief Scheme (TERS). The notices based on the agreement have been signed by Employment and Labour Minister Thulas […]