Urgent implementation of PPP investment model needed to halt multiyear slump – Seifsa

The multiyear slide in South Africa’s metals and engineering sector, which makes up about 25% of South Africa’s manufacturing sector and 5% of GDP, continued last year, the Steel and Engineering Industries Federation of Southern Africa (Seifsa) has confirmed. In its ‘State of the Metals and Engineering Sector 2026’ report, Seifsa shows that production fell by 1.6%, having declined at a compound annual growth rate of 1.7% since 2008. In addition, employment fell by 0.43% to about 360 000 employees from over 575 000 in 2008.