Seifsa welcomes Naamsa’s renewed commitment to local industry

The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has welcomed the announcement by the National Association of Automobile Manufacturers of South Africa (Naamsa) that original-equipment manufacturers will increase their sourcing of locally-produced goods as part of the industry’s 2035 Transformation Plan. Seifsa senior economist Tafadzwa Chibanguza said it boded well for the metals and engineering sector, as the automotive sector made up 31% of its total demand profile.