Team seifsa steel and engineering industries federation. Steel and engineering industries federation of south africa. Seifsa takes numsa strike negotiations to bargaining. This followed employers rejection of any labour proposals which called for further improvement of the conditions of employment. Till now you might have got some idea about the acronym, abbreviation or meaning of seifsa. Numsa rejected it, saying it would accept a 10% increase each year for the next three years. Seifsa produced the price and index pages for many years, with the explicit objective of helping members to cope with escalation.
The main agreement is a collective agreement between the employer organisations and trade unions that constitute the metal and engineering industries bargaining council. The latest data for march further strengthening in the price of civil engineering materials, which. Seifsa takes numsa strike negotiations to bargaining council. Copper 19882020 data 20212022 forecast price quote. Sa strike threat ends as numsa accepts wage offer the national union of metalworkers of south africa numsa has accepted a higher wage offer from the industry employer group steel engineering industry federation of south africa seifsa, ending threatened strike action scheduled for july 12. The executive chairman of the scaw metals group, ufikile khumalo, has been appointed president of the steel and engineering industries federation of south africa seifsa. The meaning of the seifsa is also explained earlier. Absa jse indices, uptodate to help you make important.
The indices reported on in this publication are mainly based on a combination of ppi, seifsa and cpi indices for the particular month. The 6 th southern african metals and engineering indaba 2020. The aim of this blog is to assist you as a potential firsttime user of seifsa pips in understanding the price indices and how to apply same in your cpa after landing that big tender. What is shorthand of steel and engineering industries federation of south africa. This page provides the latest reported value for south.
To fill the gap of the 45%, the additional seifsa etsa indices will be produced. Sa strike threat ends as numsa accepts wage offer metal. The fifth southern african steel and engineering indaba will once again be held in september 2020. Join date apr 2010 location lonehill, jhb age 43 posts 6,390. The annual percentage change in the electrical industry cost drivers for june 2014, as well as the electrical indices and weightings for workgroups 160 and 162.
Contract price adjustment provisions cpap work groups. Seifsa is a regional federation representing 23 independent employer associations in the metal and engineering industries, with a combined membership of roughly 1 300 companies employing about 200 000 employees. No method, other than given in this document, is acceptable to compute the price adjustment. Many of the sectors companies in south africa, and more broadly in southern africa, are struggling, so nyatsumbas outlook for the domestic industry was.
Seifsa brought industry wage talks to a crisis numsa. The settlement agreement was concluded between the 21employer associations federated to seifsa and the industrys five trade unions which are registered with the bargaining council and party to the main agreement. All of the questions are normal to ask, especially to a new user of the seifsa price and index pages pips. They tell us how often a number or letter has been multiplied by itself.
Steel and engineering industries federation of southern. To fill the gap of the 45%, the additional seifsaetsa indices will be produced. Trading economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic. It covers indices for materials and services costs, statutory and actual labour costs and there are a number of sector specific indices developed for use in the metal and engineering industry. He qualified with a diploma in accounting in 1982 from the institution of administration and commerce of southern africa and obtained a bachelor of accounting science degree and subsequently an honours degree in the same discipline from the university of south africa in 1992. The seifsa training centre will provide the training you need to become a worldclass artisan and open up a world of work opportunities. Jul 16, 2014 seifsa made a quickfix offer of a 10% wage increase in 2014, 9. Contact steel and engineering industries federation of. Seifsas training centre is based in the metal industry heartland of ekurhuleni, benoni. Industry circular no 2020 2 applications for benefits from the uif covid 19 relief scheme. This agreement provides comprehensive conditions of employment for some 320 000 scheduled workers including workers supplied by labour brokers employed at over 10 000.
Every month seifsa updates and publish over 200 price indices in the seifsa price and index pages pips. Contract price adjustment provisions ee publishers. Table p1 seifsa index plant and machinery cost before installation year month index dec 2011 100 2012 apr 99. Ppis provide measures of average movements of prices received by the producers of various commodities. Consumer price index additional tables january 2011 5 table 2 consumer price index. As in previous years, will shine the spotlight on matters affecting the steel and engineering sector. Seifsa is listed in the worlds largest and most authoritative dictionary database of abbreviations and acronyms the free dictionary. The seifsa meaning is steel and engineering industries federation of south africa. The steel and engineering industries federation of southern africa seifsa.
Table p seifsa index plant and machinery cost before installation year month all income groups index 2012 jan 3 187. Table l1 table l2 seifsa index road freight costs seifsa index road freight costs year month index 2012 apr 4 251. Contract price adjustment provisions cpap work groups and. The content of the website you are visiting is not controlled by absa. May 10, 2007 metal and engineering industry wage talks today thursday got off to a head even before the actual negotiations resumed. The monthly percentage increase of 2,0% reflected by this index was mainly due to a 3,7% monthly increase in seifsa for metal prices copper rcp metric ton, which accounts for approximately 40,0%. Seif synonyms, seif pronunciation, seif translation, english dictionary definition of seif. Work group 160 work group 162 june 20 522,1 602,0 july 20 536,9 617,3 august 20 538,9. The southern african metals and engineering indaba me indaba. Seifsa made a quickfix offer of a 10% wage increase in 2014, 9.
Seifsa represents 27 independent employer associations in the metal and engineering industries, with combined membership of more than 2,000 companies employing over 210,000 people. A power is also known as an index number, or indices for plural. The steel and engineering industries federation of southern africa seifsa is a national employer federation representing the metal and engineering industry. The three indices reflecting monthly percentage changes mainly due to factors other than the headline cpi are. Hop on to get the meaning of seifsa acronym slang abbreviation. They exclude any taxes, transport and trade margins that the purchaser may have to pay.
In this video we are going to look at index notation, so. Standard procedure and formula for price adjustment v d make the contract more equitable. Seifsa as abbreviation means steel and engineering industries federation of south africa. The steel and engineering industries federation of southern africa seifsa is a regional federation representing 23 independent.
The training centre has a proud 30year history of providing outstanding apprentice training results and continues to attract favourable publicity from successful partnerships and projects with the department of infrastructure development, the swisssouth african cooperation initiative ssaci, the. Jan 07, 2020 the seifsa training centre will provide the training you need to become a worldclass artisan and open up a world of work opportunities. Machinery seifsa the composite indices f or building and civil materials, published by statistics sa, are continuing their upward momentum. There may be more than one meaning of seifsa, so check it out all meanings of seifsa one by one. The user of this document is not to change any provision hereof unless otherwise stated in these instructions. The definition of seifsa is given above so check it out related information. Ppis provide measures of average movements of prices received by. Seifsa is listed in the worlds largest and most authoritative dictionary database of abbreviations and acronyms.
Latest news steel and engineering industries federation. Jan 18, 2016 a quick video example of using a cost index to move costs from one year to another year. Seifsas submission to nersa eskoms third mypd3 rca for year 2 201415, year 3 201516 and year 4 201617 may 2018 presented by. Metal and engineering industry wage talks today thursday got off to a head even before the actual negotiations resumed. Different types of building costrelated indices are used on a regular basis by quantity surveyors, developers, contractors, etc. The aim of this blog is to assist you as a potential firsttime user of seifsa pips in understanding the price indices and how to apply the same in your cpa after landing that big tender. Im grateful for the opportunity seifsa has bestowed on me.
The federation was formed in 1943 and companies in associations federated to it range from giant steelmaking. Currently there is only one tender price index that is being published on a regular basis in the country. Gazettal of metals and engineering industries main agreement. The national union of metalworkers of south africa, together with five other unions spontaneously rebuffed employers presentation and. A quick video example of using a cost index to move costs from one year to another year. The seifsa price and index pages is essential to the completion of tenders and claims for the adjustment of contract prices and price escalation claims. The uptodate jse indices to help you make important financial decisions. We came to the realisation that our indices only covered about 55% of a typical companys costs. Original and first directive issued on 25 march 2020. All jse shares and indices include open, high, low, close, volume, dy% and ey%.
Producer price indices in manufacturing measure the rate of change in prices of products sold as they leave the producer. The most common shorthand of steel and engineering industries federation of south africa is seifsa. How to use seifsa indices for contract price adjustment cpa. We have time series for some of these price indices dating as far back as the 1960s. Gazettal of metals and engineering industries main.