PLEASE NOTE:

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

 
MikeHampton
 
Comments: 12
Article views: 5434
 
 
Latest Badges:


 
View all MikeHampton's badges.
 

The Great Platinum Mine Strike is Over!

24 June 2014, 08:29
The platinum strike is over. Did the miners win or lose?

5 months ago, 70 000 workers downed tools on South Africa's platinum mines. Critics considered their demand for R12 500 plus benefits to be absurd. Mining companies prophesied collapse. Strikers considered it a reasonable call for a minimum, livable wage.

It was a violent strike that affected world production as South Africa holds 80% of the metal that is prized for its resistance to corrosion, making it ideal for use in catalytic converters (a device that converts pollutants in motor vehicle exhaust gas), dentistry equipment, jewellery etc.

Yesterday, on June 23 2014, it was announced that the strike was over. The Association of Mineworkers and Construction Union (AMCU) will sign the deal today.

On Reuters, an Amplats miner was quoted as saying, "I'm very glad the strike is over, because we made a terrible wound in the South African economy and we are happy to heal that wound. Our children are suffering because they had no food."

South Africa's sigh of release may be short. Some of those jubilant miners may soon be out of a job as mine owners restructure to cover losses incurred (AMCU's demand for no retrenchments was not included in the speech given by their president, Joseph Mathunjwa, last night). And other unions, such as NUMSA, who threatened to strike in the auto industry, may be encouraged by the win of the miners.

It's even debatable if the miner's really won. After all, they were demanding more than double their current wage yet have only gained a 20% year on year  increase (over the next 3 years) for unskilled and semiskilled labourers after losing 42% of one year's earnings. There is some consolation in back pay, amounting to R1000p/m for the lowest paid worker which, depending on the mine involved, equates to R3000-6000. Skilled workers will only receive 7.5%-8% increase.

None should forget the Marikana Massacre of 44 people in 2012, some shot in the pack by the South African Police Service, at the mine owned by Lonmin. It was then that the National Union of Mineworkers (NUM) lost power to AMCU. Without the latter, and the symbol of the massacre, it's doubtful that the latest platinum strike could have lasted so long.

Damage to the producers of the metal (such as Anglo American Platinum, Impala Platinum and Lonmin) was estimated at R24billion.

For now, at least (and if the deal is signed today), 'The Great Platinum Mine Strike' is over and will make its mark in the history books.

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.

 

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
12 comments
Comments have been closed for this article.

Read more from our Users

Submitted by
Ali
A call for free higher education ...

In the current generation free higher education is not feasible considering the financial constraints the country is facing. Read more...

0 comments 472 views
Submitted by
curriemafia
FREE MUST FALL !!!

The harsh reality is that in life there are NO free rides and the sooner my son learns this, the better. Read more...

0 comments 506 views
Submitted by
ohomen171
The Movie Sully -"A Must See!"

Sully is a beautiful and very informative movie. Read more...

0 comments 236 views
Submitted by
No Ohno
What happened to my data? Vodacom...

Coming back to Vodacom and MTN that had to answer in parliament about the high cost of data. Some interesting statements by Vodacom executive head of innovation Jannie van Zyl. Read more...

0 comments 5952 views
Submitted by
Amanda Louw742
Wits student leaders seeking alte...

The problems of the students i.e. poor and households with an annual income less than R600 000 were addressed. It only means that the students protesting now are those that come from households who can afford to pay the fees. Read more...

0 comments 426 views
Submitted by
Sindiswa Ramokgata
What you need to know…

Every second article you read seems to have the headline: What you need to know about…yadda, yadda. Do you need to know this? Really? Read more...

0 comments 270 views
 

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 Android Get the latest from News24 on your Android device.

SMS Alerts Get breaking news stories via SMS.

TV Get us in your home, on your television.

 
Interactive Advertising Bureau
 
© 2016 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.