{"id":220712,"date":"2022-03-29T17:35:37","date_gmt":"2022-03-29T15:35:37","guid":{"rendered":"https:\/\/mypr.co.za\/?p=114338"},"modified":"2022-03-29T17:35:37","modified_gmt":"2022-03-29T15:35:37","slug":"new-seifsa-coo-tafadzwa-chibanguza-wants-sas-operating-environment-to-be-more-business-friendly","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/new-seifsa-coo-tafadzwa-chibanguza-wants-sas-operating-environment-to-be-more-business-friendly\/","title":{"rendered":"New SEIFSA COO Tafadzwa Chibanguza wants SA\u2019s operating environment to be more business friendly"},"content":{"rendered":"<aside class=\"scaip scaip-1 \">\n<aside id=\"republication_tracker_tool-2\" class=\"republication_tracker_tool clearfix\">\n<h5 class=\"adtitle\">Republish for Free<\/h5>\n<div class=\"license\">\n<p><button name=\"Republish This Story\" id=\"cc-btn\" class=\"republication-tracker-tool-button\">Republish This Story<\/button><\/p>\n<p><a class=\"license\" rel=\"noreferrer license noopener\" target=\"_blank\" href=\"http:\/\/creativecommons.org\/licenses\/by-nd\/4.0\/\"><img decoding=\"async\" alt=\"Creative Commons License\" class=\"lazyload\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/03\/new-seifsa-coo-tafadzwa-chibanguza-wants-sas-operating-environment-to-be-more-business-friendly.png\"><\/a><\/p>\n<p><img decoding=\"async\" alt=\"Creative Commons License\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/03\/new-seifsa-coo-tafadzwa-chibanguza-wants-sas-operating-environment-to-be-more-business-friendly.png\"><\/div>\n<div class=\"message\">\n<p>Republish our articles for free, online or in print, under a Creative Commons license.<\/p>\n<\/div>\n<\/aside>\n<\/aside>\n<figure id=\"attachment_114339\" aria-describedby=\"caption-attachment-114339\" class=\"wp-caption alignleft\"><a href=\"https:\/\/mypr.co.za\/?attachment_id=114339\"><img loading=\"lazy\" decoding=\"async\" alt width=\"200\" height=\"300\" class=\"wp-image-114339 size-thumbnail lazyload\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/03\/new-seifsa-coo-tafadzwa-chibanguza-wants-sas-operating-environment-to-be-more-business-friendly.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-114339 size-thumbnail\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/03\/new-seifsa-coo-tafadzwa-chibanguza-wants-sas-operating-environment-to-be-more-business-friendly.jpg\" alt width=\"200\" height=\"300\"><\/a><figcaption id=\"caption-attachment-114339\" class=\"wp-caption-text\">Seifsa COO<\/figcaption><\/figure>\n<p>New SEIFSA COO Tafadzwa Chibanguza wants SA\u2019s operating environment to be more business friendly<\/p>\n<p>Tafadzwa (Taffie) Chibanguza will have his work cut out of him returning to the Steel and Engineering Industries Federation of Southern Africa (SEIFSA) as chief operating officer (COO) just as the global pandemic gives way to war in Ukraine.<\/p>\n<p>He returns to SEIFSA and joins CEO Lucio Trentini to help lead the federation that represents and supports 18 independent employer associations in the metals and engineering industries while lobbying the government for policies to improve South Africa\u2019s business environment.<\/p>\n<p>Chibanguza has the necessary educational pedigree, with a BCom in economics and econometrics from the University of Johannesburg, a BCom (honours) in economic policy from the University of Witwatersrand, and an MComm in economic policy from the University of Witwatersrand. He is scheduled to complete an MSc in mining engineering with Wits University in 2022.<\/p>\n<p>Chibanguza is excited to be back at SEIFSA after a stint at Minerals Council South Africa, where he was an economist. \u201cThe steel and engineering sector is important in any economy and will play an important role in the current South Africa and whatever the future holds for the country,\u201d he says.<\/p>\n<p>At the moment that is a future is filled with uncertainty as the world digests Russia\u2019s invasion of Ukraine. \u201cAny war is terrible, but from an economic perspective war always breeds uncertainty across the board,\u201d he says.<\/p>\n<p>Some of the issues South Africa may have to face, include the disruption of supply chains due to no-fly zones and other war-related obstructions, which will then result in shortages of various products. \u201cThe countries involved in the war and their dominance in the commodities complex will threaten supply, which will then feed into inflationary pressures, and that is how it will translate for us, domestically. At this point. with the recovery from the Covid-19 pandemic, we have already seen inflation accelerate again, and we are likely to see quite a spike in the inflation rate. Then the Reserve Bank will be under pressure to hike rates ahead of the cycle and that will increase borrowing costs and, with that, a decrease in investment. The war has come at the worst time as the economy is already under pressure, and this will choke the recovery.\u201d<\/p>\n<p>The rising fuel price, in particular, has a \u201cblanket inflationary effect\u201d, he says, so its effect is felt widely \u2013 when we fill up our cars with fuel and also when we buy food that is more expensive due to the increased fuel price, and again in numerous other ways.<\/p>\n<p>There may be some silver linings though, in the form of the uncertainty around the supply of commodities, such as coal, which South Africa produces. However, the higher price may be good news for producers but also adds to the already abundant inflationary pressures. Gold miners may also benefit as they reap the rewards of a higher gold price due to the war-charged demand for the safe-haven asset.<\/p>\n<p>Keeping an eye on these developments will need to be balanced with the day-to-day demands of being SEIFSA\u2019s chief operating officer, such as calling on the government to develop a coherent policy that creates stability for the industry. \u201cGovernment focus should be on kicking in a set of policy objectives that make the operating environment more business friendly and ensure that the cost of production is less. The environment must be more conducive to business,\u201d says Chibanguza.<\/p>\n<p>Despite the full plate, he finds time to run 5km-6km each weekday. \u201cI use it as time to process the previous day\u2019s events and plan the day ahead. Also, it\u2019s a good time to process a thought or a plan. On the weekends I then also try to squeeze in a half marathon every so often, when I can.\u201d<\/p>\n<p>Like so many executives, his down time is rare and kept for those closest to his heart. \u201cI also make it a point to prioritise family time. I have a young daughter, so I make it a point to be there during these formative years. Between my daughter and my wife, family time is pretty full of things to do,\u201d he says.<br \/>For further information please vist : www.seifsa.co.za<\/p>\n<p>About SEIFSA:<br \/>SEIFSA is a national federation representing 18 independent employer associations in the metal and engineering industries, with a combined membership of over 1 200 companies employing over 170 000 employees. The federation was formed in 1943 and its member companies range from giant steel-making corporations to micro-enterprises employing fewer than 50 people.<\/p>\n<p><a href=\"http:\/\/mypr.co.za\/contact\/featured\/\">CLICK HERE to submit your press release to MyPR.co.za<\/a>.<\/p>\n<div class=\"entry-pagination pagination\">Pages: <span class=\"post-page-numbers current\"><span class=\"screen-reader-text\">Page <\/span>1<\/span> <a href=\"https:\/\/mypr.co.za\/new-seifsa-coo-tafadzwa-chibanguza-wants-sas-operating-environment-to-be-more-business-friendly\/2\/\" class=\"post-page-numbers\"><span class=\"screen-reader-text\">Page <\/span>2<\/a><\/div>\n<p><a href=\"https:\/\/mypr.co.za\">Source: MyPR.co.za<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Republish for Free Republish This Story Republish our articles for free, online or in print, under a Creative Commons license. Seifsa COO New SEIFSA COO Tafadzwa Chibanguza wants SA\u2019s operating environment to be more business friendly Tafadzwa (Taffie) Chibanguza will have his work cut out of him returning to the Steel and Engineering Industries Federation [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":220713,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9021,1],"tags":[3257],"class_list":{"0":"post-220712","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mypr","8":"category-south-africa","9":"tag-mypr","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/03\/new-seifsa-coo-tafadzwa-chibanguza-wants-sas-operating-environment-to-be-more-business-friendly.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/220712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=220712"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/220712\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media\/220713"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=220712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=220712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=220712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}