SEIFSA ANNUAL REVIEW 2021
ECONOMIC AND COMMERCIAL DIVISION
The Economic and Commercial (EC) Division has continued to live by its objective to elevate the profile of SEIFSA on the national platform on economic, industrial and trade policies, with the objective of improving conditions for companies within the M&E industry and the broader manufacturing sector. To achieve this, the EC Division continued to offer the following services: • Sector-oriented economic research presentations, including an overview of the domestic and international macro-economic environment, thus offering industry market intelligence to Associations, member companies, the Government as well as captains of industry; • Continuous and intensified media commentary presence on selected economic variables data
•
•
•
as released by various data agencies such as Statistics South Africa and other topics of industry importance; Maintaining, updating and expanding the Price and Index Pages (PIPS), as the pre-eminent cost and price tracking product for the M&E cluster of industries, with the latest relevant indices; Contract Price Adjustment (CPA) or service provision agreement workshops and technical webinars or online training, where delegates are guided through the process of using the SEIFSA PIPS to substantiate costs and price adjustments and how to use model formulae for computation of applicable adjustments; and Consulting services to companies within the sector aimed at boosting margins and profits, ensuring growth and improving business savvy and sustainability.
41
