As infrastructure is repaired, expanded and modernised, the metals and engineering sector stands to benefit directly from increased demand for local manufacturing, fabrication and engineering capability, industrial associations organisation Steel and Engineering Industries Federation of Southern Africa (Seifsa) CEO Tafadzwa Chibanguza says. Considerable reform work has been undertaken to strengthen the institutional pillars of the economy, and tangible outcomes include the yield curve on South Africa’s bonds decreasing and flattening across maturities, and the country having recorded a net inflow of assets in 2025.