PLEASE NOTE:

MyNews24 is a user-generated section of News24.com. The stories here come from users.

 
Nunu
 
Comments: 6
Article views: 709
 
 
Latest Badges:


 
View all Nunu's badges.
 

Billionaire Spin

04 December 2013, 07:56

I read with amusement the article on the great philanthropist, Robert Friedland, plans for his mining operation in South Africa. What an angel.

As usual, the journalist makes no attempt to try to find out some truths about the current wage situation, and reasons for it. Its much more sensational giving us the "Jesus is coming" version of the situation.

I highly doubt the wage is currently $12 per day. That is currently more or less the same as a farm labourer. In fact I'm convinced this is a total lie - I'm surprised the mining companies don't respond. If the truth, I wonder how they have got away with it up to this point.

The angel says he is going to fully mechanise the mine. This means (without any doubt whatsoever) that the labour force will be drastically reduced. Obviously skilled machine operators will get much higher wages, how noble. What is going to happen to all the retrenched people though. Also, if his mechanisation is successful, the mechanisation will expand through the industry, resulting in big job losses.

I mean, the guys a mega wealthy billionaire. Did he accumulate this wealth through sharing? My belief is the total wage bill will be no higher than the current one, it will just be shared amongst less labour, hence the bigger wages. I'm all for paying higher wages, but if it results in massive unemployment at the same time I don't see much benefit.

Its like these politicians going into poor areas driving their fancy R1 million cars, preaching to the poor how they care for them. Wealthy spin doctors.

I think Friedland is quite simply just another shrewd businessman, who has worked out that using machines instead of people to do labour, in our country, reduces a lot of risk for him, in terms of strikes. His logic is based on observation of our countries highly volatile and politically manipulated labour force. It is purely a business decision with no real thought regarding the labourers suffering, his comments on the latter is just spin, readily lapped up by the unthinking public.

I'd like more detail on his Kamoa and Kipushi operations in the Congo, that would help a lot in judging how good or bad the fellow is.

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.
 

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
6 comments
Add your comment
Comment 0 characters remaining

Read more from our Users

Submitted by
JohnDough
Not voting is stupid!

By not voting you are saying to the current political party in power “Well done, you are doing a great job.” Read more...

2 comments 54 views
Submitted by
ruffieb
Go Gauteng,Go!

Allister Sparks published an article in the Cape Times (09.04.2014) covering the proposals that the DA rising star in Gauteng Mmusi Maimane, made before a packed audience of 8000 people. Read more...

3 comments 325 views
Submitted by
Johan Kruger
To vote or not to vote - that is ...

The right to vote is one of the most basic and fundamental rights in a democracy, but to vote or not to vote (with apology to Shakespeare), seems to be the question. Read more...

1 comments 103 views
Submitted by
The Last Contrarian
Mystery: Spontaneous Human Combus...

There are nights, indeed entire days, where I willingly become a candidate for spontaneous human combustion.  Read more...

5 comments 708 views
Submitted by
Tyronehster
The Greatest?

There are always debates about who the greatest batsman is, the greatest golfer, the greatest footballer and so on and I think, with one exception, that of Don Bradman, the jury will remain perpetually hung. Read more...

13 comments 239 views
Submitted by
MAVERICK
Why even the Constitutional Court...

On Monday the Con Court knocked back the application by the Africa Unite Party to challenge the IEC on the right to stand for public office, section 19. Read more...

15 comments 1107 views

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Escape winter, head to Mauritius

Escape winter by spending 7 nights in Mauritius' tropical bliss from R13 215 per person sharing. Includes return flights, airport transfers and accommodation. Book now!

Kalahari.com - shop online today

Get many eggs in one basket!

Gaming bundles: 2 Super Hits games for R99, 3 Disney games for R99 and more + exclusive accessory bundles only available on kalahari.com. While stocks last. Shop now!

25% off bestselling books!

The Real Meal Revolution by Tim Noakes, Jeffrey Archer’s Be Careful What You Wish for, Man’s Search for Meaning by Victor E. Frank and many more titles. Shop now!

Up to 25% off electronics

Buy top electronics and save up to 25%. Such as kalahari.com’s 1# selling product the gobii eReader, Patriot X Porter flash drive, Asus Nexus 7” 3G tablet, Samsung Galaxy SIII, Lenovo G580 Notebook and many more. Shop now!

DStv HD PVR Decoder now R949

The DStv HD PVR Decoder has further revolutionised the television experience with lifelike viewing, sharper images, more vibrant colours and precision picture quality. Now R949, save R550. Offer valid while stocks last. Shop now!

Up to 30% off appliances & homeware

Save up to 30% on appliances and homeware this Easter! Offer valid while stocks last. Shop now.

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

 

services

E-mail Alerts The latest headlines in your inbox

RSS feeds News delivered really simply.

Mobile News24 on your mobile or PDA

E-mail Newsletters You choose what you want

News24 on your iPhone Get News24 headlines on your iPhone.

SMS Alerts Get breaking news stories via SMS.

Blogs Your opinion on you, me and everyone.

Calais Website keywords automated by OpenCalais.

 
Digital Media & Marketing Association
 
© 2014 24.com. All rights reserved.
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.