Finance
Finances
T he finances of CEA(SA) are directly linked to the number of members and the number of their scheduled employees. The engineering industry as a whole has experienced a serious decline in the numbers of employees – in 1990 there were ± 385 000,now ± 245 000. In line with this fall off in numbers, SEIFSA has suffered a similar fate – in each of the 39 SEIFSA Associations there has been a comparable reduction in employer members and employee numbers.
One of the consequences of this was a decision taken at the SEIFSA Council meeting on 10 July 2002 that the Per Capita Levy, previously based on “scheduled” employees will now be based on ALL employees.
