The NFTN newsletter serves to inform its stakeholders on activities and events happening under the 7 identified areas of importance to the South African foundry industry. For each of these areas a web page have been created to inform the industry and also act as a platform for stakeholder engagement. For this purpose please register here for the areas that you would be interested in or would like to be involved in.
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Skills Development and Training Gauteng Foundry Training centre
After conducting a feasibility study in 2011 and consulting with all respective stakeholders, it was decided to house the training centre at the Ekurhuleni East College (Kwa Thema campus). This was a strategic decision taking into account that more than 50% of the foundries are situated in the area and that EEC is already hosting a similar centre for the Tooling industry. Due to unforeseen delays the training centre will only open its doors in the last quarter of 2013 and not in March as was previously communicated. Until then the management committee of the training centre is in the process to make building alterations and equip the centre, to appoint a training centre manager and build closer relations between the college and the foundries in Gauteng. The industry shall be kept informed on the progress of this project. SAIF is the official partner of NFTN to deliver training and skills development programmes to the industry. Please click here to view the SAIF website for training currently taking place in the industry. |
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Capital and Investment Don’t miss out on cash incentives Three important questions to determine whether your business may be eligible for cash based incentives:
If you have answered “YES” to these questions, then there is a very good possibility that you will be able to access one of the lucrative cash-based incentives offered by the Department of Trade and Industry (the dti). The dti launched the Manufacturing Competitiveness Enhancement Programme (MCEP) in May 2012 and applications may be submitted from 4 June 2012 to 31 March 2018. Existing entities involved in Manufacturing, Engineering & Support Services and Conformity assessment agencies servicing the manufacturing sector may apply for MCEP. The cash-based cost-sharing incentive will be calculated at 7 – 15 % against the Manufacturing Value Add (MVA*) per the last 2 years’ Audited Financial Statements (AFS). The benefit can be utilised across one or a combination of the Production Incentive components – click here for more information Support to access Government Incentive Programmes It is difficult for foundries to access incentive programmes due to the time-consuming requirements to submit documentation for these. NFTN and its partners have thought it wise to make foundries aware of a number of companies that are able to assist with this. In this newsletter we would like to introduce you to IQUAD Group Limited.
IQUAD Group Limited, a diversified group of specialist financial and business services companies, is listed on the Johannesburg Stock Exchange. The Group operates nationally through its subsidiary companies in Johannesburg, Cape Town, Durban, Port Elizabeth and East London. IQUAD enable clients to obtain the maximum benefits and refunds from government and Department of Trade and Industry (DTI) incentive programmes such as:
For support in obtaining access to these incentive programmes please contact: Madelein Parsons on 031 583 0900. Capital and Investment documents on site |
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Technology, Innovation and Competitiveness Baseline Assessments a.k.a. Benchmarking NFTN has been active in a broad based benchmarking exercise to enable the South African foundry industry to be benchmarked against internationally accepted norms since 2009. Early in 2012 a number of foundries have been benchmarked. Many foundrymen have asked: What is the point of a Baseline assessment also known as a Benchmarking Exercise? Does it add value to my business? Are the results correct and meaningful? How is my foundry data kept confidential in the report released to the other participating foundries? If you have been asking yourself these questions please read more.
South African foundries producing High Chromium White Irons receive funded measured datasets for 8 alloys from the NFTN. The project was initiated by Ametex and foundries in South Africa producing High Chromium white Irons including Mintek and the NFTN. A consortium was thus established and all foundries in the consortium are user of MAGMA 5 casting process simulation software. Mobilisation fund – NFTN support to foundries A number of foundries have now already made use of the NFTN mobilisation support programme. This scheme is intended to support non-routine competitiveness improvement or development projects within individual foundries through a partial financial contribution by the NFTN to the cost of the projects. Note that the scheme is NOT applicable to routine tests or analysis but for matters such as:
If you are interested in finding out more about this fund please contact us Technology, Innovation and Competitiveness documents on site
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Another step towards increasing S.A foundry competitiveness
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Localisation and Market Development Engagement with the Valve industry As part of the Localisation and Market Development, NFTN in partnership with SAIF have been engaged with the Valve and Actuator Manufacturers Cluster of South Africa (VAMCOSA) to maximise the opportunities for localisation of Valve manufacturing for government spent in South Africa. Industry members are invited to attend on the 28th August 2012 at the READING COUNTRY CLUB at 17h30. The designation process will dictate that valves will be purchased from local manufacturers for government funded projects, ensuring that castings are sourced from local foundries. For maximum benefit of the event Henk Langenhoven, who is the Corporate Specialist for Supplier Development Localisation, Eskom will be doing the presentation. WHO SHOULD ATTEND? All foundries supplying or planning to supply to Valve Manufacturers For presentation details click here. Must see, best practice Localisation and market development documents on site |
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Scrap Input material documents on site |