News

South African Engineers’ and Founders’ Association

28 September 2018

Please see guidance document below on the recent Cannabis Judgment prepared for the SA Engineers and Founders Association by Ms. Fiona Leppan from Cliffe Dekker Hoymeyr Inc.

The Cannabis Judgement - Occupational Health & Safety Considerations

 

VIPs attending Infrastructure Africa attest to
big infrastructure opportunities on the continent

Infrastructure Africa is bringing together global and regional infrastructure leaders and experts to attend the 7th annual event, kicking off in Sandton Convention Centre, Johannesburg on the
9 -10th October 2018. Africa’s premier infrastructure event continues to grow its stellar global
and regional line-up, with dozens of senior executives and infrastructure experts confirmed as speakers. The two-day conference and showcase exhibition provides an opportunity for companies to focus on the continent’s growth hotspots, discuss infrastructure trends, meet project developers and relevant government authorities, whilst exploring infrastructure business opportunities.
https://d1v8hxsh61vyat.cloudfront.net/users/assets/414/images/IA2018-Register(1).png

 

11 October 2018

Please note that NUMSA has issued notice of intended strike action to take place from 15 October 2018.  SAEFA and other industry employer bodies have approached the Labour Court on an urgent basis.  In the event that the Court is unable to provide the necessary clarity before any member experiences industrial action, please contact us directly.

Please note that this action is expected to only affect employers in the plastics sector and not the broader SAEFA membership.

For more information, please contact Gordon.

The minimum, entry-level wage rate according to the settlement agreement that SEIFSA and the unions are trying to force on the industry is R46.53 per hour.  By comparison:

Industry

Minimum wage per hour

Motor

R16.72

Furniture

R20.00

Plastics

R28.07

Road Freight

R28.21

Civil Engineering

R34.45

Members of the Plastic Converters Association (PCA) are pushing for the settlement agreement to be extended to you.  They benefit from a minimum wage rate of less than R30/hr and they are in favour of the extension of an agreement that doesn’t even apply to them.

3 October 2018

Below please find presentations from Succession Capital and Caibr8 BEE Solutions.

Your Plan: Succession Capital  

Callibr8 BEE Solutions

Succession Capital is a professional financial services boutique, with a unique and bespoke offering for business owners.  They can help you develop a succession plan for your greatest financial asset: your Business!

You will be given access to over 20 years of financial experience and expertise. With end-to-end advisory services offered, you will be guided every step of the way, from valuation, through negotiation, right through to the implementation of the partial/complete exit. Start planning your exit today. The more time that is spent on the preparation of the business for complete/partial sale, the better the outcome will be.

5 September 2018

At a meeting of the parties to the MEIBC held earlier this week, SEIFSA and the Plastic Converters’ Association (PCA) voted in favour of the extension of the Settlement Agreement reached last year between SEIFSA and the trade unions.  Should this extension succeed, the implications for the industry are as follows:

  • 1 037 companies (SEIFSA Association members) will be dictating to the remaining 9 194 about what happens in the industry.  10% of companies get to decide what happens irrespective of the views of the remaining 90%.
  • SEIFSA do not represent the majority of employees.  They represent 164 931 of the 424 365 employees in the industry, or 38%.
  • The new minimum wage for the industry will be R46.53 per hour.  Compare this for example to the new minimum rates under the Motor Industry Bargaining Council, which are under R30 per hour and the newly agreed National Minimum Wage of R20 per hour.  Add on costs included in the settlement agreement amount to an extra 35% or higher, meaning the effective cost to employers in our industry will be a minimum of well over R60 per hour.