Tag: Steel and Engineering Industries Federation of Southern Africa (Seifsa)
Steel & engineering sector on the precipice of a jobs crisis
The employment trends in the metals and engineering sector are an important indicator for the underlying structural constraints that have plagued the sector for the last decade and a half. The sector currently employs 362,871 people, which is a significant drop from the 577,507 people employed in 2008.
The collapse of the Steel Master Plan and disintegration of industry
The steel industry is the backbone of any economy, it forms the foundation of any modern economy and is essential to every single sector. Without a healthy and vibrant local steel industry, South Africa will simply not be able to integrate and develop itself or the rest of the continent.
M&E sector – support is needed for sustainable economic recovery
South African businesses in the metals and engineering (M&E) sector have faced enormous challenges over the past few years, with the pandemic compounding an already difficult situation. A shrinking domestic market, declining production, weak production sales, a smaller contribution to the economy, increasing joblessness, cheap imports and low investment levels are just some of the issues they face.
