(In the Pic - President Jacob Zuma, takes national salute. State of the Nation Address, National Assembly, Parliament of the republic of South Africa, Cape Town. 17/06/2014, Elmond Jiyane, GCIS

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.

“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.