SA’s metals sector and engineering are at a crossroads
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.
PRESS RELEASE - 2016/08/17: SEIFSA WELCOMES THE COURT’S DECISION TO SET ASIDE ESKOM’S ELECTRICITY PRICE INCREASE
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.
Speech by SEIFSA CEO, Kaizer Nyatsumba, at Voith Turbo regarding the significance of Voith Turbo being Company of the Year
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.
In the July/August issue of SEIFSA News
Annual Wage Increase
No further changes to employment conditions for the second year of the three year agreement. The wage rates effective from 1 July 2016. See issue.
Environmental stability is very important. We take a closer look at how Steloy Castings takes the initiative on environmental stewardship and how they got to win the SEIFSA Awards for Excellence. See issue.
Women of steel
We chat to Noma Nibe of Steloy Castings and Ntsakisi Mkhize of Voith Turbo SA about boardrooms and work floors in this Women’s Month-themed issue. We take a closer look at how these phenomenal women handle the pressures of being in a male-dominated industry. See issue.
State of the metals and engineering sector
Henk Langenhoven, SEIFSA’s Chief Economist, speaks on the state of the sector and also compares it with our predictions at the beginning of 2016. See issue.
Priorities and B-BBEE Codes
The dynamics of Broad- Based Black Economic Empowerment have changed. In this issue of SEIFSA News, we take a closer look at the points that need to be achieved within skills development. See issue.