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Domestic Manufactures Must Work Together To Survive

Domestic Manufactures Must Work Together To Survive

By Press Release

Johannesburg, 20 September 2018 – The global trade war between two of the world’s largest economies has the potential to render global growth less synchronised, less certain and less supportive of emerging economies. Moreover, weaknesses in the global economy would make it even more difficult for South Africa to accelerate its fortunes and for the metals and engineering (M&E) cluster, the mining and construction sectors and the auto manufacturing industries to maximise their potential, Steel and Engineering Industries Federation of Southern Africa Chief Economist Michael Ade said this afternoon.

Speaking at the Southern African Metals and Engineering Indaba, Dr Ade said the four sectors needed higher growth levels underpinned by better productive efficiency. He also said that instead of continuously depending on government to boost demand via various interventions, stakeholders in these sectors needed to rally to support each other.

“Proactivity rather than reactivity is needed to take advantage of promising regional prospects, where healthy GDP growths have been projected. Targeted growth in lucrative markets of Asia and Europe should also be taken advantage of, in order to increase market share,” Dr Ade said.

He said that the four groups can leverage on existing linkages. “The M&E cluster should support the mining sector more by increasing its current procurement spend in the mining sector to over 63%.”

SEIFSA Dr Nkosazana Zuma

NATIONAL DEVELOPMENT PLAN STILL RELEVANT DESPITE SLOW PACE OF IMPLEMENTATION – DR NKOSAZANA DLAMINI ZUMA

By Press Release

Johannesburg, 20 September 2018 – South Africa’s National Development Plan (NDP) was still relevant despite the slow pace of its implementation, Minister in the Presidency Nkosazana Dlamini-Zuma said at the Southern African Metals and Engineering Indaba this afternoon.

“We have not made sufficient progress as far as eradicating the triple challenges of unemployment, poverty and inequality, but we still feel strongly that the NDP is still relevant but needs to be approached differently, with us having learned from the last six years. We also think that there was an oversight to think we could implement without breaking it down into five-year implementation plans. This is what we will begin to do with the remaining years of the NDP. We will also use the last two years of the plan to monitor and evaluate,” Dr Dlamini-Zuma said.

Going forward, the Minister said Government needed to improve planning generally, not only across all departments, but also across different spheres of Government.

South Africa Needs New Anti-Corruption Agency To Deal With Public Corruption And Corporate Malfeasance

SOUTH AFRICA NEEDS NEW ANTI-CORRUPTION AGENCY TO DEAL WITH PUBLIC CORRUPTION AND CORPORATE MALFEASANCE

By Press Release

Johannesburg, 20 September 2018 – State capture needs to be dealt with urgently to restore public confidence in the State, the constitutional framework and the rule of law. This is the view of Council for Advancement of the South African Constitution Executive Secretary Lawson Naidoo.

Speaking on the first day of the two-day Southern African Metals and Engineering Indaba taking place at the IDC Conference Centre, Mr Naidoo said to end or contain the cancer of public corruption and corporate malfeasance in South Africa, the country needs a fit for purpose anti-corruption agency focused on enforcement, prevention and education. The agency would be buttressed by a strong political will.

Speaking on the same panel, Organisation Undoing Tax Abuse Executive Director Wayne Duvenage said state capture was a serious matter which had allowed creative accounting to take place, unchallenged, at State-owned entities.

Economic growth image

GLOBAL COMPETITIVENESS AND POLICY CERTAINTY KEY TO IMPROVING SOUTH AFRICA’S SOVEREIGN CREDIT RATING

By Featured, Press Release

Johannesburg, 20 September 2018 – The prioritization of economic growth, global competitiveness and policy certainty and predictability are key to improving South Africa’s Sovereign credit rating, so said Massmart Holdings Chairman Kuseni Dlamini.

Speaking at the fourth Southern African Metals and Engineering Indaba currently taking place at the IDC Conference Centre, Mr Dlamini said South Africa needed to be fully aligned on the growth imperative if other socio-economic goals such as employment creation, investment attraction and retention are to be achieved.

He said the country also needed to embrace global competitiveness as part of a national culture.

“The success of the country’s automotive manufacturing industry, the renewable energy independent power producer programme and the country’s world class financial services sectors are concrete examples of global competitiveness at work which must be replicated in other sectors,” he said.

In addition, Mr Dlamini said South Africa should attract and retain foreign direct investment. This, in turn, required a concerted and sustained collective effort by SA Inc. through the alignment of messaging on the country’s attractiveness as an investment location of choice.

Mathews Phosa Thumbnail

SOUTH AFRICA NEEDS COHERENT AND WELL-EXECUTED ECONOMIC STRATEGY TO GROW

By Press Release

SOUTH AFRICA NEEDS COHERENT AND WELL-EXECUTED ECONOMIC STRATEGY TO GROW – DR MATHEWS PHOSA

Johannesburg, 20 September 2018 – A change in attitude towards the metals and engineering sector from Government, particularly the Department of Trade and Industry and the Gauteng Provincial Government is urgently needed, Steel and Engineering Industries Federation of Southern Africa CEO Kaizer Nyatsumba said this morning.

Speaking at the fourth Southern African Metals and Engineering Indaba taking place at the IDC Conference Centre today and tomorrow, Mr Nyatsumba said the Indaba has not yet had to the full extent the enthusiastic support of Government.

“While we have deeply appreciated the involvement of Former President Kgalema Motlanthe, then-ANC Treasurer-General Dr Zweli Mkhize, Ministers Mildred Oliphant, Pravin Gordhan, Lindiwe Zulu, Ebrahim Patel and, this year, Dr Nkosazana Dlamini-Zuma, hitherto we have struggled to get the President of the country, the Deputy President of the country, the Minister of Trade and Industry, other key Ministers, the Gauteng Provincial Government and the Cities of Johannesburg and Ekurhuleni to show the metals and engineering sector the respect worthy of them by participating in this conference,” he said.

He added that while the business community welcomed President Cyril Ramaphosa’s commitment, during his inaugural State of the Nation Address in February, that the Government will place an emphasis on manufacturing, business was deeply concerned that a higher level of commitment to the metals and engineering sector from the Department of Trade and Industry and other parts of his Government (including the Presidency itself) was yet to be seen.

“They were all invited to this conference but waited until the eleventh hour to inform us that, once again, they would not bother to join us. We find that deeply concerning and hope that there will be a change in attitude after next year’s elections,” said Mr Nyatsumba.

He said SEIFSA believed in working in collaborative partnership with all stakeholders, starting with the three spheres of government, regardless of whichever party is in power in that sphere at the time.

Kaizer Nyatsumba MEI 2018 Opening Address

SOUTHERN AFRICAN METALS AND ENGINEERING INDABA 2018 OPENING ADDRESS

By Featured, Press Release

OPENING REMARKS

Thank you, Melissa.

Ladies and Gentlemen, welcome to the Fourth Southern African Metals and Engineering Indaba. Our inaugural conference took place at Emperors’ Palace at Ekurhuleni in 2015, before we concluded a strategic partnership agreement that saw us meeting here at the IDC Conference Centre over the past two years. This is now the third conference here at the IDC, and we are immensely grateful to the Corporation.

Thank you, Ladies and Gentlemen, for your support and patronage. It always means so much to us to have you turning out in such numbers at this important industry conference. The starting point in arranging a conference is getting the right topics and relevant speakers to address them, but the most important is ensuring that there is an active, participative audience to engage meaningfully with the speakers and the topics under discussion. Therefore, this conference would not be the success that we would like it to be without your presence.

We are immensely grateful to all our Speakers, all of whom are busy men and women who have put time aside to be with us in the course of today and tomorrow. Quite a number of them have become regulars, and have addressed the Southern African Metals and Engineering Indaba at least once or even twice before. They are the lifeblood of this annual conference: without them, there is no conference.

From our inaugural year, we have been very fortunate to get top-quality speakers for this Indaba. We thank each one of them – those already here with us this morning, and the many others yet to join us in the course of the day and tomorrow.

As always, our Partner, the Industrial Development Corporation, and our Sponsors are richly deserving of our appreciation and gratitude. As with some of our speakers, quite a number of our Sponsors have come to be reliable, regular Partners of ours when it comes to the Southern African Metals and Engineering Indaba. MerSeta and Standard Bank have been with us from the very beginning, and over the past two years we have been delighted to welcome Sanlam, Investec, Novare, Kagiso Asset Management and SMS Group on board. We are delighted to welcome Rand Mutual Assurance on board this year.

We are immensely grateful to and appreciate all our sponsors, but wish to acknowledge, in particular, the 100-year-old Sanlam, which is our Gold Sponsor this year, and which was also our Primary Sponsor for the annual SEIFSA Golf Day last month. We know that Sanlam has expressed a wish to grow that partnership with SEIFSA stronger from year to year, and we eagerly look forward to that.

Finally, we also acknowledge and appreciate our media partners: Engineering News, Independent Newspapers and Classic FM.

Ladies and Gentlemen, 2019 will mark the fifth anniversary of the Southern African Metals and Engineering Indaba. Coinciding as it will with SEIFSA’s 76th year, we have every intention of making it our biggest and best conference ever. To accomplish that goal, we will need the dedicated support of all our delegates, our Strategic Partner the IDC and all our Sponsors. Indeed, we will need the active support of the governments that we and our compatriots elected at local government level and will have elected next year at provincial and national levels.

NATIONAL DEVELOPMENT PLAN TO FEATURE PROMINENTLY

By Featured, Press Release

NATIONAL DEVELOPMENT PLAN TO FEATURE PROMINENTLY AT THE SOUTHERN AFRICAN METALS AND ENGINEERING INDABA

 

Johannesburg, 3 September 2018 – Six years ago, the Government adopted the National Development Plan (NDP), a blueprint for how South Africa could eradicate poverty and reduce inequality by 2030 – with business and other stakeholders enthusiastically welcoming the initiative.

While the NDP drew criticism from some labour formations, many other stakeholders – among them the business community – hailed it as a solid foundation upon which inclusive economic growth could be achieved.

But, six years on, just how much of the plan has been implemented to date – and just how relevant does it continue to be? That is the burning question that Minister in the Presidency Dr Nkosazana Dlamini-Zuma, University of the Free State Visiting Professor JP Landman, Manufacturing Circle CEO Philippa Rodseth and Wits School of Governance Professor Patrick Bond will grapple with on the first day of the Fourth Southern African Metals and Engineering Indaba, which will take place on 2 -21 September at the IDC Conference Centre in Sandton…

COLLABORATION REQUIRED TO IMPROVE SOUTH AFRICA

By Featured, Press Release

COLLABORATION REQUIRED TO IMPROVE SOUTH AFRICA’s SOVEREIGN CREDIT RATING

 

Johannesburg, 26 August 2018 – Finance Minister Nhlanhla Nene will, on the first day of the 2018 Southern African Metals and Engineering Indaba, meet with Business Unity South Africa CEO Tanya Cohen, Federation of Unions of South Africa General Secretary Dennis George and Centre for Development and Enterprise Executive Director Ann Bernstein to assess what Government, Business and Labour need to do together to improve South Africa’s sovereign credit rating.

Steel and Engineering Industries Federation of Southern African CEO Kaizer Nyatsumba said the need for this plenary session to form part of the 2018 Indaba comes on the back of South Africa having suffered credit downgrade blows from global ratings agencies such as Standard & Poor’s, which last year lowered the country’s foreign and local currency ratings by one notch as a result of the further deterioration of the country’s economic outlook and its public finances.

“If nothing is done to improve South Africa’s sovereign credit downgrade, we can expect foreign investors to find favourable markets elsewhere. This will result in the further weakening of South Africa’s economy and subsequently negatively impact employment creation and social cohesion.

“There can be no new employment created without economic growth and there can be no social cohesion amidst a widening gap between the rich and the poor. It is, therefore, vitally important that we collaborate to find ways to improve our credit ratings,” Mr Nyatsumba said…

GORDHAN, NAIDOO AND DUVENAGE TO SPEAK

By Featured, Press Release

GORDHAN, NAIDOO AND DUVENAGE TO SPEAK ON EFFORTS TO END THE SCOURGE OF CORRUPTION

 

Johannesburg, 20 August 2018 – Public Enterprises Minister Pravin Gordhan, Organisation Undoing Tax Abuse Executive Director Wayne Duvenage and Council for the Advancement of the South African Constitution Executive Secretary Lawson Naidoo will meet to hammer out solutions to deal with corruption in South Africa’s public and private sectors on the first day of the 2018 Southern African Metals and Engineering Indaba.

The last decade has seen the cancer that is corruption spread in both the public and private sectors, resulting not only in credit rating agencies downgrading South Africa, but also in halting South Africa’s sustainable economic, political and social progress.

The 2016 Transparency International Corruption Perceptions Index found that South Africa was ranked as the most corrupt country in Africa by respondents in the Global Corruption Barometer on Africa. The report identifies elevated levels of vulnerability in the private sector’s provision of services to State-owned companies and government departments.

Allegations of state capture, misdemeanor at State-owned entities such as Eskom as well felony at Steinhoff also serve as evidence of corruption that has stifled South Africa over the last decade.

Commenting on this plenary session, Steel and Engineering Industries Federation of Southern Africa (SEIFSA) Chief Executive Officer Kaizer Nyatsumba said business needs to adopt a zero-tolerance approach to corruption…

A MILLION JOBS IN MANUFACTURING BY 2027

By Featured, Press Release

A MILLION JOBS IN MANUFACTURING BY 2027 – A REALISTIC PLAN OR A PIPEDREAM

 

Johannesburg, 12 August 2018 – Can South Africa’s manufacturing sector create a million jobs by 2027 amidst a stagnant economy and the much-anticipated fourth industrial revolution, which is likely to result in further mechanization within the sector, and a possible influx of imported goods from China as it seeks new markets following the current  trade war with the US?

This question will take centre stage at the 2018 Southern African Metals and Engineering Indaba, which will take place at the IDC Conference Centre in Sandton on 20-21 September. Deliberating on this question and suggesting ways to make a million jobs target achievable will be Manufacturing Circle CEO Philippa Rodseth, SEIFSA Chief Economist Michael Ade, Highveld Structural Mill CEO Johan Burger and Department of Economic Development Deputy Director-General Zeph Nhleko.

Last year, the Manufacturing Circle launched its “Map to A Million New Jobs in a Decade” plan, with the organisation’s chairman André de Ruyter saying at the time: “If manufacturing can expand to 30% of GDP, between 800 000 and 1.1 million direct jobs can be created, with 5 to 8 times that number in indirect jobs,” he added. “Our ‘Map to a Million’ puts forward detailed proposals to deliver a million jobs in manufacturing in the next decade.”

In the past two decades, the manufacturing sector has shed half a million jobs. At just under 13%, it contributes less than half to GDP than is appropriate for South Africa’s stage of development…