Seifsa welcomes policy pronouncements in MTBPS
The Steel and Engineering Industries Federation of Southern Africa (Seifsa) says the 2023 Medium-Term Budget Policy Statement (MTBPS) recognises, reflects and has been structured to respond to key headwinds facing the global and South African economy.
“The policy positions contained in this mini-budget are welcome for the fact that they communicate important reform signals. The only way to place the economy on a solid and sustainable trajectory is through economic growth and to achieve that, reform is critical. Particularly reform in the delivery of large-scale infrastructure projects,” Seifsa states.
It avers that, for the steel sector, one of the most important policy considerations communicated is the opportunity for private-public partnerships (PPPs) to finance and execute large infrastructure projects.
The federation emphasises that this will ensure that projects are executed with efficiency and speed.
The MTBPS enjoins the creation of new mechanisms to facilitate co-investing with the private sector and multilateral institutions on selected infrastructure projects and the employment of alternative financing instruments for priority projects.
Seifsa highlights these infrastructure projects as a crucial demand source for the metals and engineering sector, which has contended with a low-demand environment for the last 15 years.
It adds that the speedy and successful execution is of significant importance to the sustainability of the sector.
“We eagerly await the details that will underpin this PPP framework. However, even prior to this announcement in the MTPBS today, Seifsa has already begun engaging relevant departments, including National Treasury, to fast-track this objective,” the federation notes.
Comments
Research Reports
Latest Multimedia
Latest News
Showroom
Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...
VISIT SHOWROOM
Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
