Seifsa brought industry wage talks to a crisis numsa. A quick video example of using a cost index to move costs from one year to another year. Steel and engineering industries federation of southern. 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. Machinery seifsa the composite indices f or building and civil materials, published by statistics sa, are continuing their upward momentum.
The southern african metals and engineering indaba me indaba. Intraday 7 days 30 days 90 days 6 mnths 1 yr ytd 3 yrs 5 yrs. 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. 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. The steel and engineering industries federation of southern africa seifsa is a national employer federation representing the metal and engineering industry. Industry circular no 2020 2 applications for benefits from the uif covid 19 relief scheme. 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. The content of the website you are visiting is not controlled by absa. Contact steel and engineering industries federation of.
Contract price adjustment provisions cpap work groups. Ppis provide measures of average movements of prices received by. Ppis provide measures of average movements of prices received by the producers of various commodities. There may be more than one meaning of seifsa, so check it out all meanings of seifsa one by one. Contract price adjustment provisions cpap work groups and. 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%. The latest data for march further strengthening in the price of civil engineering materials, which. Table p seifsa index plant and machinery cost before installation year month all income groups index 2012 jan 3 187. The seifsa meaning is steel and engineering industries federation of south africa. They exclude any taxes, transport and trade margins that the purchaser may have to pay. 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.
To fill the gap of the 45%, the additional seifsa etsa indices will be produced. Seif synonyms, seif pronunciation, seif translation, english dictionary definition of seif. Many of the sectors companies in south africa, and more broadly in southern africa, are struggling, so nyatsumbas outlook for the domestic industry was. The steel and engineering industries federation of southern africa seifsa is a regional federation representing 23 independent. The uptodate jse indices to help you make important financial decisions. How to use seifsa indices for contract price adjustment cpa. Sa strike threat ends as numsa accepts wage offer metal. This agreement provides comprehensive conditions of employment for some 320 000 scheduled workers including workers supplied by labour brokers employed at over 10 000.
The indices reported on in this publication are mainly based on a combination of ppi, seifsa and cpi indices for the particular month. Currently there is only one tender price index that is being published on a regular basis in the country. Seifsas training centre is based in the metal industry heartland of ekurhuleni, benoni. 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.
Trading economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic. Table l1 table l2 seifsa index road freight costs seifsa index road freight costs year month index 2012 apr 4 251. Steel and engineering industries federation of south africa. We have time series for some of these price indices dating as far back as the 1960s. Seifsas submission to nersa eskoms third mypd3 rca for year 2 201415, year 3 201516 and year 4 201617 may 2018 presented by. Gazettal of metals and engineering industries main agreement.
All of the questions are normal to ask, especially to a new user of the seifsa price and index pages pips. Contract price adjustment provisions ee publishers. Absa jse indices, uptodate to help you make important. This link is being offered for your convenience and absa is not. Seifsa produced the price and index pages for many years, with the explicit objective of helping members to cope with escalation. Consumer price index additional tables january 2011 5 table 2 consumer price index. Seifsa as abbreviation means steel and engineering industries federation of south africa. Numsa rejected it, saying it would accept a 10% increase each year for the next three years. Copper 19882020 data 20212022 forecast price quote. Hop on to get the meaning of seifsa acronym slang abbreviation. We came to the realisation that our indices only covered about 55% of a typical companys costs. Till now you might have got some idea about the acronym, abbreviation or meaning of seifsa. What is shorthand of steel and engineering industries federation of south africa. This page provides the latest reported value for south.
The fifth southern african steel and engineering indaba will once again be held in september 2020. 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. To fill the gap of the 45%, the additional seifsaetsa indices will be produced. No method, other than given in this document, is acceptable to. The meaning of the seifsa is also explained earlier. Latest news steel and engineering industries federation.
Seifsa takes numsa strike negotiations to bargaining. The 6 th southern african metals and engineering indaba 2020. Seifsa is listed in the worlds largest and most authoritative dictionary database of abbreviations and acronyms. Standard procedure and formula for price adjustment v d make the contract more equitable. The user of this document is not to change any provision hereof unless otherwise stated in these instructions. Seifsa made a quickfix offer of a 10% wage increase in 2014, 9.
Seifsa takes numsa strike negotiations to bargaining council. 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. Team seifsa steel and engineering industries federation. A power is also known as an index number, or indices for plural. Looking for online definition of seifsa or what seifsa stands for.
Im grateful for the opportunity seifsa has bestowed on me. The steel and engineering industries federation of southern africa seifsa. Join date apr 2010 location lonehill, jhb age 43 posts 6,390. Seifsa divisions from wage negotiations and health and safety, through to bbbee advice and economic insights, our expertly curated division portals will guide you every step of the way, helping you achieve unsurpassed success in your business. This online resource and all the contents contained within is the sole property of the steel and engineering industries federation of south africa seifsa home about. The definition of seifsa is given above so check it out related information. 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. In this video we are going to look at index notation, so. The jbcc publication consists of indices derived from changes in the cost structures prevailing in 37 different sectors of the building industry and is reported on by stats sa on a monthly basis. Jul 16, 2014 seifsa made a quickfix offer of a 10% wage increase in 2014, 9. Different types of building costrelated indices are used on a regular basis by quantity surveyors, developers, contractors, etc. 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. Every month seifsa updates and publish over 200 price indices in the seifsa price and index pages pips. 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.
No method, other than given in this document, is acceptable to compute the price adjustment. This followed employers rejection of any labour proposals which called for further improvement of the conditions of employment. They tell us how often a number or letter has been multiplied by itself. Metal and engineering industry wage talks today thursday got off to a head even before the actual negotiations resumed. Seifsa is listed in the worlds largest and most authoritative dictionary database of abbreviations and acronyms the free dictionary. The federation was formed in 1943 and companies in associations federated to it range from giant steelmaking. Table p1 seifsa index plant and machinery cost before installation year month index dec 2011 100 2012 apr 99. The seifsa training centre will provide the training you need to become a worldclass artisan and open up a world of work opportunities. The three indices reflecting monthly percentage changes mainly due to factors other than the headline cpi are. Jan 18, 2016 a quick video example of using a cost index to move costs from one year to another year. The most common shorthand of steel and engineering industries federation of south africa is seifsa.
The national union of metalworkers of south africa, together with five other unions spontaneously rebuffed employers presentation and. The main agreement is a collective agreement between the employer organisations and trade unions that constitute the metal and engineering industries bargaining council. 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. Work group 160 work group 162 june 20 522,1 602,0 july 20 536,9 617,3 august 20 538,9. Producer price indices in manufacturing measure the rate of change in prices of products sold as they leave the producer. May 10, 2007 metal and engineering industry wage talks today thursday got off to a head even before the actual negotiations resumed. All jse shares and indices include open, high, low, close, volume, dy% and ey%. Original and first directive issued on 25 march 2020. As in previous years, will shine the spotlight on matters affecting the steel and engineering sector. Gazettal of metals and engineering industries main. 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.
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