Seifsa welcomes focus on economy

Cape Town - The Steel and Engineering Industries Federation of SA (Seifsa) on Thursday welcomed President Jacob Zuma's prioritisation of the economy during his State of the Nation address.

“The President’s speech was very encouraging,” chief executive Kaizer Nyatsumba said in a statement.

President Jacob Zuma arrives at Parliament to deliver his State of the Nation address. Photo by: Elmond Jiyane/GCIS. Credit: GCIS

“We welcome, in particular, his undertaking to work with the private sector to remove obstacles to investment in the country and to build inclusive growth.”

Seifsa also welcomed Zuma's pledge to support local manufacturing and to encourage government departments and state-owned companies to do the same.

Nyatsumba said Seifsa would work with government and other parties to stabilise the growth of the economy.