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MAIN POLITICAL PARTIES TO ADDRESS 2018 INDABA DELEGATES

By Featured, Press Release

MAIN POLITICAL PARTIES TO ADDRESS 2018 INDABA DELEGATES

 

Johannesburg, 5 August 2018 – South Africa’s prominent political parties will get an opportunity to unpack their economic manifestos to business leaders attending the 2018 Southern African Metals and Engineering Indaba, scheduled to take place on 20-21 September at the IDC Conference Centre in Sandton.

The African National Congress’s Minister of Cooperative Governance and Traditional Affairs Dr Zweli Mkhize, his colleague Enoch Godongwana who heads the Economic Transformation Committee, along with the Democratic Alliance’s Shadow Minister for Trade and Industry Geordin Hill-Lewis and Inkatha Freedom Party’s Head of Energy, Trade and Industry and Mineral Resources Jan Adriaan Esterhuizen, will tell the business community how their political parties will turn the economy around.

Commenting on this important plenary session, which will take place on the second day of the Indaba, Steel and Engineering Industries Federation of Southern Africa (SEIFSA) Chief Executive Officer Kaizer Nyatsumba said the Federation  felt that it was of critical importance that the main political parties are given an opportunity to outline their plans for the economy ahead of the 2019 General Elections.

“Over the last decade, South Africa’s economy has been dealt many painful blows, including sovereign credit downgrades, stagnant growth and a jobs bloodbath in critical sectors including mining, manufacturing and our very own metals and engineering sector. It goes without saying, therefore, that whoever gets to govern the country in 2019 has a mammoth task of ensuring that a conducive environment is created for South Africa’s economic fortunes to be turned around for the better,” My Nyatsumba said…

CONTRIBUTING IN SHAPING POLICY

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DELEGATES TO 2018 METALS AND ENGINEERING INDABA TO CONTRIBUTE IN SHAPING POLICY

 

Johannesburg, 25 July 2018 – Delegates attending the 2018 Southern African Metals and Engineering Indaba at the IDC Conference Centre in Sandton on 20 and 21 September will have an opportunity to influence economic policies that have a direct impact on the businesses they operate.

The Indaba, now in its fourth year of existence, is organized and hosted annually by the Steel and Engineering Industries Federation of Southern Africa (SEIFSA), and its core objective is to provide a platform for policy makers, labour representatives and businesses operating in the metals, engineering and related sectors t not only to discuss the challenges facing the sector, but also to collaborate in a search for sustainable solutions for manufacturing in general and the metals and engineering sector in particular.

SEIFSA Chief Executive Officer Kaizer Nyatsumba said the Indaba will afford its participants an invaluable opportunity to influence policy by adopting conference resolutions that SEIFSA – in collaboration with other business bodies and stakeholders like labour  partners – will lobby policy makers on.

During the 2015 inaugural Indaba, delegates adopted resolutions which included expressing serious concerns about the awarding of tenders by State-owned enterprises to foreign companies when local businesses can manufacture the same product, calling on the Government to impose necessary tariffs to protect local manufacturers from cheap, subsidized Asian imports as well as calling on the Government to reconsider its position on the introduction of the carbon taxes in South Africa. Conference delegates argued that the introduction of such a tax would impose additional costs to business, harm the economy and impact negatively on jobs at a time when South Africa badly needed more jobs to be created…

SOUTH AFRICA NEEDS INNOVATION TO CAPITALISE

By Featured, Press Release

SOUTH AFRICA NEEDS INNOVATION TO CAPITALISE ON GROWTH PROMISED BY NEW ERA

 

Among other imperatives, local industrial manufacturing, including SA’s heterogeneous metals and engineering (M&E) sector, needs innovation to spur industrial growth.

The public has not often viewed machinery and equipment makers as leading innovators, despite the fact that over the years, innovation in industrial manufacturing has had an enormous effect on society.

Automation has transformed factory floors and made it cheaper and faster to produce everything from cars to televisions. Smarter cutting tools are imminent and new technologies for wind turbines and electrical grids are laying the foundations for a shift to cleaner energy.

The recent uptick in agricultural output has been largely supported by innovative equipment and processes, which have made farming more efficient. A growing body of work highlights a strong correlation between innovation and industrial growth at the macro level and also between innovation and firm revenues at the micro level.

Many studies report that the most innovative companies are growing significantly faster.

The difference for industrial manufacturing companies was dramatic, with the most innovative recording growth levels more than four times those of the least innovative companies…