Cover Image

The Transformation and Turnaround of Employers' Federation SEIFSA

“Nyatsumba’s book is a real tale of South Africa’s deterioration of governance. The book is a tale of how national infrastructure collapse, deteriorating governance, lack of accountability and corruption have become institutionalised” – Dr Lumkile Mondi, Economics Lecturer at the School of Economics and Finance at the University of the Witwatersrand and former Chief Economist at the Industrial Development Corporation.
A turnaround strategy expert, Chartered Director (SA) and Business Rescue Practitioner, Kaizer Mabhilidi Nyatsumba was the first – and so far only – black CEO of the Steel and Engineering Industries Federation of Southern Africa (SEIFSA) and that organisation’s second-longest-serving CEO during the democratic era. He holds a PhD in Business Management from the University of Johannesburg, an MBA from the University of Hull in the UK and a BA in English from Georgetown University in the USA, among other qualifications.

Authors:
Kaizer Nyatsumba
University of Johannesburg
https://orcid.org/0000-0001-6799-1353

Product details

Chapters

  • Introduction
  • Manufacturing in South Africa
  • Understanding the Metals and Engineering Sub-Sector
  • The History of the Steel and Engineering Industries Federation of Southern Africa
  • The Beginning of a New Era
  • Introducing Good Corporate Governance and Implementing a Turnaround Strategy
  • An Industry in Deep Trouble
  • The 2014, 2017, 2020/21 and 2024 Wage Negotiations
  • Moving SEIFSA from a Deficit to a Surplus
  • Introducing Innovations at SEIFSA
  • Changes in SEIFSA Leadership over the Years
  • The Continuing Struggle with Good Corporate Governance
  • Allied Institutions: Non-Existent Corporate Governance but, Financially, a Ray of Sunshine
  • Integrity Takes a Back Seat
  • An Engineered Parting of Ways

References

Ade, M. & Kruger, M. (2019). State of the Metals and Engineering Sector Report 2018-2019. Johannesburg: Steel and Engineering Industries Federation of Southern Africa.

America’s Investment in the Future. Available from: https://www.nsf.gov/about/history/nsf0050/pdf/manufacturing.pdf

Angus, B. (2022). Letter: Who’s the boss in the steel sector? Financial Mail. Available from: https://www.businesslive.co.za/fm/opinion/letters/2022-11-03-letter-whos-the-boss-in-the-steel-sector/

BakerBaynes.com. (2017). The History and Future of Manufacturing in South Africa. Available from: https://www.bakerbaynes.com/history-future-manufacturing-south-africa/

Barnes, J., Black, A. & Techakanont, K. (2017). Industrial Policy, Multinational Strategy and Domestic Capability: A Comparative Analysis of the Development of South Africa’s and Thailand’s Automotive Industries. The European Journal of Development Research, 29(1), 37-53. https://doi.org/10.1057/ejdr.2015.63

Bhorat, H. & Rooney, C. (2017). State of Manufacturing in South Africa. Working Paper 201702. A DPRU Working Paper commissioned for MerSeta. 201702. Development Policy Research Unit. ISBN 978-1-920633-41-7

Boppart, T. (2014). Structural Change and the Kaldor Facts in a Growth Model with Relative Price Effects and Non-Gorman Preferences. Econometrica, 82(6), 2167–2196. https://doi.org/10.3982/ECTA11354

Callinicos, L. (1987). Working Life –1886-1940. Johannesburg: Raven Press (Pty) Ltd.

CFI. (2022). Manufacturing. Available from: https://corporatefinanceinstitute.com/resources/valuation/manufacturing/

Carson, D. (2011). Report of the Executive Director 2011. Johannesburg: SEIFSA

Chamber of Mines South Africa. (2013). The South African mining sector in 2013. Available from: https://www.mineralscouncil.org.za/industry-news/publications/facts-and-figures

Chamber of Mines South Africa. (2017). Facts and Figures 2016. Available from: https://www.mineralscouncil.org.za/industry-news/publications/facts-and-figures

Chalmers, A. (2016). The demise of the MEIBC: It only has itself to blame. Available from: https://www.linkedin.com/pulse/demise-metal-industry-bargaining-council-meibc-only-has-scheepers

Chibanguza, T. (2013). State of the Metals and Engineering (M&E) Sector 2023. Johannesburg: Steel and Engineering Industries Federation of Southern Africa.

Coffin, D.A. (2003). The State of Steel. Indiana Business Review, Spring.

Concise Oxford English Dictionary (10th ed., revised). Oxford: Oxford University Press.

Coutsoukis, P. (2004). South African Manufacturing. Available from: https://photius.com/countries/south_africa/economy/south_africa_economy_manufacturing.html

Corbett, M. (n.d.). Oil Shock of 1973-74. Available from: https://www.federalreservehistory.org/essays/oil-shock-of-1973-74#:~:text=October%201973%E2%80%93January%201974&text=The%20embargo%20ceased%20U.S.%20oil,a%20barrel%20in%20January%201974.

Corporate Finance Institute. (2022). Manufacturing. Available from: https://corporatefinanceinstitute.com/resources/valuation/manufacturing/

Dasgupta, S. & Singh, A. (2007). “Manufacturing, Services and Premature Deindustrialization in Developing Countries: A Kaldorian Analysis” In Mavrotas. G. & Shorrocks, A. (Eds.). Advancing Development (pp. 435–454). Palgrave Macmillan UK. https://doi.org/10.1057/9780230801462_23

Department of State. United States of America Office of the Historian. Oil embargo 1973-74. Available from: https://history.state.gov/milestones/1969-1976/oil-embargo

De Vries, G., Arfelt, L., Drees, D., Godemann, M., Hamilton, C., Jessen-Thiesen, B., Kaya, A. I., Kruse, H., Mensah, E., & Woltjer, P. (2021). The Economic Transformation Database (ETD): Content, sources, and methods. UNU-WIDER. https://doi.org/10.35188/UNUWIDER/WTN/2021-2

Dondofema, R.A., Matope, S. & Akdogan.G. (2017). South African Iron and Steel Industrial Evolution: An Industrial Engineering Perspective. South African Journal of Industrial Engineering, 28(4), pp. 1-13. https://doi.org/10.7166/28-4-1683

Du Plessis, G. (2024). MEIBC’s deceptive wage offer bad news for skilled employees – Solidarity. Available from: https://www.politicsweb.co.za/politics/meibcs-deceptive-wage-offer-bad-news-for-skilled-e

Encyclopedia, Science News & Research Reviews. Steel Crisis. Available from: https://academic-accelerator.com/encyclopedia/steel-crisis

Engineering News. Business Leader: Lucio Trentini. Available from: https://www.engineeringnews.co.za/article/lucio-trentini-2022-04-01

Eyewitness News. (2014). Zuma’s large Cabinet “a waste of money”. Available from: https://ewn.co.za/2014/05/26/Zumas-large-Cabinet-will-waste-money

Fine, B. & Rustomjee, Z. (2018). The Political Economy of South Africa: From Minerals–Energy Complex to Industrialisation (1st ed.). Routledge. https://doi.org/10.4324/9780429496004

Fortunato, A. (2022). Getting Back on the Curve: South Africa’s Manufacturing Challenge. The Growth Lab at Harvard University. https://doi.org/10.2139/ssrn.4411854

Gumede, M. (2023). SEIFSA warns of bleak year ahead for metals and engineering. Business Day, p3, 17 February 2023.

Hausmann, R., & Rodrik, D. (2002). Economic Development as Self-Discovery (No. w8952; p. w8952). National Bureau of Economic Research. https://doi.org/10f.3386/w8952

IndustriALL. (2023). Union wins as strike action ends in three-year wage agreement. Available from: https://www.industriall-union.org/union-wins-as-strike-action-ends-in-three-year-wage-agreement

International Trade Administration Commission of South Africa. (n.d.). An Overview of ITAC. Available from: http://www.itac.org.za/pages/about-itac/an-overview-of

International Trade Administration. (2023). South Africa – Country Commercial Guide. Available from: https://www.trade.gov/country-commercial-guides/south-africa-import-tariffs

Jacobs, A. (1948). South African Heritage: A Biography of H.J. van der Bijl. Pietermaritzburg: Shuter and Shooter.

Kaplan, D. (2004). Manufacturing in South Africa over the last decade: a review of industrial performance and policy. Development Southern Africa, 21(4), 623-544. https://doi.org/10.1080/0376835042000288824

Kenward, L.R. (1987). The Decline of the US Steel Industry. Why Competitiveness Fell Against Foreign Steel Makers. Finance & Development. Available from: https://www.elibrary.imf.org/view/journals/022/0024/004/article-A009-en.xml

Kilian, N. (2016). Solidarity urges Oliphant to intervene at MEIBC. Available from: https://www.engineeringnews.co.za/print-version/solidarity-urges-oliphant-to-intervene-at-meibc-2016-05-06

MacKay, D. (2023). SA steel industry and state joined in embrace that has lasted a century. Business Day, 7 February 2023.

Macrotrends. (n.d.) South Africa Manufacturing Output 1960-2022. Available from: https://www.macrotrends.net/countries/ZAF/south-africa/manufacturing-output

Mhlanga, I. (2023). Manufacturing sector gets to grips with load-shedding. Business Day, p. 7, 7 July 2023.

MEIBC. (2011). Constitution. Available from: https://www.meibc.co.za/images/PDFS/MEIBC_CONSTITUTION_CURRENT.pdf

Monage, E. (2023). The Collapse of SA’s Steel Master Plan and disintegration of industry. [Online}. Engineering News. Available from: https://www.engineeringnews.co.za/article/opinionthe-collapse-of-the-steel-master-plan-and-disintegration-of-industry-2023-12-01

Mongalo, B. (2023). Investment in manufacturing will grow pensions, jobs. Sunday Times Business Times, p.7, 12 June 2023.

MyBroadband. 2015. South African Electricity Prices – 1994 to 2015. [Online]. Available: http://mybroadband.co.za/news/energy/130320-south-african-electricity-prices1994-to-2015.htm.

National Science Foundation. [n.d.] Manufacturing: the form of things unknown. Available from: https://www.nsf.gov-about-history.nsf0050

National Planning Commission. 2011. National Development Plan. Pretoria: Government Printer.

Papenfus, G. (2016). The Demise of the MEIBC: It only has itself to blame. Available from: https://www.bizcommunity.com/Article/196/646/143569.html

Photius.com. (1996). South Africa Manufacturing. Available from: https://photius.com/countries/south_africa/economy/south_africa_economy_manufacturing.html

Plunkert, L. M. (1990). The 1980’s [sic]: a decade of job growth and industry shifts. Monthly Labour Review, September 1990.

Ryan, C. (2022). Nearly R200bn strategic infrastructure projects are under construction. Moneyweb. Available from: Available from: https://www.moneyweb.co.za/news/industry/nearly-r200bn-strategic-infrastructure-projects-are-under-construction/?bid=120_10977_8149987

Reuters. (2014). Ghana bans export of ferrous scrap metal to support local industry. Available from: https://www.reuters.com/article/idUSL6N0N7343/

Rodrik, D. (2006). Understanding South Africa’s Economic Puzzles. Bureau for Research and Economic Analysis of Development (BREAD), Working Paper No. 131. https://doi.org/10.3386/w12565

Rodrik, D. (2015). Premature Deindustrialization (No. w20935; p. w20935). National Bureau of Economic Research. https://doi.org/10.3386/w20935

Rowe, D. (2016). Lessons from the steel crisis of the 1980s. The Conversation. Available from: https://theconversation.com/lessons-from-the-steel-crisis-of-the-1980s-57751

Sablik, T. (n.d.). Recession of 1981-82. Available from: https://www.federalreservehistory.org/essays/recession-of-1981-82#:~:text=Both%20the%201980%20and%201981,known%20as%20the%20Phillips%20Curve.

Schwab, K. (2016). The Fourth Industrial Revolution: what it means, how to respond. Available from: https://www.weforum.org/agenda/2016/01/the-fourth-industrial-revolution-what-it-means-and-how-to-respond/

SEIFSA. (n.d.). History of SEIFSA. [Online]. Available from www.seifsa.co.za.

SEIFSA Annual Review. (2013). Celebrating 70 Years of Service Excellence. Johannesburg: SEIFSA. Available from: https://seifsa.co.za/wp-content/uploads/2017/06/2013Oct02_SEIFSA_Annual_Review_Small.pdf

SEIFSA. (2015). Expiry of the MEIBC Administration and Expenses Levy and Dispute Levy Agreement 31 March 2015. Available from: https://www.seifsa.co.za/article/expiry-of-the-meibc-administration-and-expenses-levy-agreement-and-dispute-levy-agreement-31-march-2015/

SEIFSA. (2017). Letter to Stakeholders: Solidarity Judgement. Available from: https://www.seifsa.co.za/article/letter-to-stakeholders-solidarity-judgement/

Seth, S. (2022). How China Impacts the Global Steel Industry. Investopedia. Available from: https://www.investopedia.com/articles/investing/021716/how-china-impacts-global-steel-industry.asp

Specht, L. (2021). Company Secretariat Report. SEIFSA Annual Review 2021. Available from: https://issuu.com/coloursvary/docs/2021september-17_seifsa-annual-review_1?fr=sNTRkNjUyOTY0Mzg

South African History Online. (n.d). 2014 South African platinum strike: Longest wage strike in South Africa. Available from: https://www.sahistory.org.za/article/2014-south-african-platinum-strike-longest-wage-strike-south-africa

South African Press Association. (2014). Court sets aside wage agreement – NEASA. Available from: https://www.engineeringnews.co.za/print-version/court-sets-aside-wage-agreement---neasa-2014-12-18

South African Reserve Bank (SARB). (1993). Annual Economic Report – 1993. Available from: https://www.resbank.co.za/en/home/publications/publication-detail-pages/reports/annual-economic-reports/1993/5550

South African Reserve Bank (SARB). (2016). Economic and Financial Data for South Africa. Available from: http://wwwrs.resbank.co.za/webindicators/EconFinDataForSA.aspx#RealSector.

Swanepoel, C. & Fliers, P.T. (2021). The fuel of unparalleled recovery: Monetary policy in South Africa between 1925 and 1936. Economic History of Developing Regions, 36(2). https://doi.org/10.1080/20780389.2021.1945436

Tarr, D.G. (1988). The Steel Crisis in the United States and the European Community: Causes and Adjustments. In Baldwin, Robert. E., Hamilton, Carl. B. & Sapir, A. (Eds). Issues in US-EC Trade Relations. Illinois: University of Chicago Press.

Tregenna, F. (2008). The Contributions of Manufacturing and Services to Employment Creation and Growth in South Africa. South African Journal of Economics, 76(2). https://doi.org/10.1111/j.1813-6982.2008.00187.x

Trentini, L. (2024). SEIFSA and NUMSA conclude Historic Agreement in record time. 2024 Wage Negotiations Update. Available from: https://www.seifsa.co.za/article/category/wage-negotiations-updates/

US Department of State. Oil Embargo, 1973-1974. (n.d.) Available from: https://history.state.gov/milestones/1969-1976/oil-embargo

United States National Science Foundation. Manufacturing – the form of things unknown. [Online]. Available from: https://atecentral.net/r21501/manufacturing_the_form_of_things_unknown

Van Biljon, D. (2014). SEIFSA: 70 YEARS ON – Passion for SA’s development still a major driver. Financial Mail, 28 March 2014.

Whitney, J.O. (1987). Turnaround Management Every Day. Harvard Business Review, September Issue. Available from: https://hbr.org/1987/09/turnaround-management-every-day

Williams, G., Cunningham, S. & De Beer, D. (2014). Advanced Manufacturing and Jobs in South Africa: An Examination of Perceptions and Trends. Paper presented at the International Conference on Manufacturing-Led Growth for Employment and Equality, 20-21 May.

Wilson, J.M. (2000). History of Manufacturing Management. In Swamidass, P.M. (eds). Encyclopedia of Production and Manufacturing Management. Bostron: Springer. Available from: https://doi.org/10.1007/1-4020-0612-8_406

Zingoni, T. (2020). Deconstructing South Africa’s construction industry performance. Mail & Guardian, 19 October 2020. Available from: https://mg.co.za/thought-leader/opinion/2020-10-19-deconstructing-south-africas-construction-industry-performance/

Zwane, T. (2023). SA’s factory output in decline for 16 years. Business Day, p.1, 25 July 2023.

Published
February 14, 2025

Details about the available publication format: PDF

PDF
ISBN-13 (15)
9780906785386
Date of first publication (11)
2025-02-15

Details about the available publication format: EPUB

EPUB
ISBN-13 (15)
9780906785393
Date of first publication (11)
2025-02-15

Details about the available publication format: XML

XML
ISBN-13 (15)
9780906785409
Date of first publication (11)
2025-02-15

Details about the available publication format: Paperback

Paperback
ISBN-13 (15)
9780906785379
Date of first publication (11)
2025-02-15
Physical Dimensions
152.4mm x 228.6mm x 13.75mm

How to Cite

Nyatsumba, K. (2025). The Transformation and Turnaround of Employers’ Federation SEIFSA. UJ Press. https://doi.org/10.36615/9780906785386