SEIFSA ANNUAL REVIEW 2021
ADMINISTRATION SERVICES
ASSOCIATIONS The FY2020-2021 was a difficult one for many member Associations as economic conditions saw a decline in membership. There is no doubt that the extremely difficult economic conditions which South Africa faced prior to the pandemic detrimentally affected the Metals and Engineering (M&E) Sector. The onset of the COVID-19 pandemic, the hard lockdown and subsequent plethora of legislative directives and regulations placed a further strain on the economy and our sector in particular. Layoffs, retrenchments, short-time and the closure of companies continued to place our sector in business survival mode. Fortunately, in many instances, we were able to assist member companies to follow correct and lawful processes and procedures in order to manage their head count and survive these unprecedented times.
Many of the associations, supported by SEIFSA, offered struggling companies temporary financial relief. Unfortunately, two associations agreed to close down due to declining membership. These were the SA Reinforced Concrete Engineers’ Association (SARCEA) and the Association of Metal Service Centres of South Africa (AMSC).
ADMINISTRATION AND FINANCIAL SERVICES Secretarial and Accounting Services In addition to the industry services offered by SEIFSA, the Federation also provides a secretarial and accounting service to some of the constituent employer associations.
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