There are hundreds if not thousands of public servants who are facing disciplinary action - they did not benefit directly, writes Melanie Verwoerd.
Mostly sunny. Mild.
The Association of Mineworkers and Construction Union says it is saddened by a 'tragic start to 2020' as three mine workers died while on duty last week.
Joseph Mathunjwa repeatedly turned to scripture as he gave an update on wage negotiations in the platinum sector.
Sibanye Stillwater said approximately 5 270 jobs were expected to be lost due to the restructuring.
South Africa marks seven years since the tragic mass shooting of 34 miners at Marikana, Rustenburg during a strike. Ten other people were also killed before that fateful day.
The mining company said Moloko will be focussing on other responsibilities and the development of the Thesele Group, a 100% black-owned investment company which he founded in 2005.
The African Transformation Movement has asked Energy Minister Jeff Radebe to lend a helping hand with the labour challenges faced by mineworkers at Sibanye-Stillwater.
Sibanye-Stillwater announced that it raised approximately R1.7bn through the placing of more than 108 million shares on Tuesday.
The Competition Appeal Court has heard that a merger between two mining companies would lead to substantial job losses, affecting the surrounding community.
Lonmin says the Labour Court has ruled that the planned secondary strike by workers affiliated to AMCU will be unprotected.
The platinum miner has delayed placing some of its shafts on care and maintenance due to improved market conditions.
Another fatality has occurred at Sibanye-Stillwater's Thembelani shaft in Rustenburg, according to the Association of Mineworkers and Construction Union.
AMCU president Joseph Mathunjwa said the union opposed the Sibanye-Lonmin merger with no support from government, adding that the government could not claim to be dismayed by job cuts that it failed to prevent.
Sibanye-Stillwater said on Tuesday it expects to report an attributable loss of R265m for the first half of the year, compared with a profit of R77m in the corresponding previous year, due to a prolonged strike at its gold operation.
Sibanye-Stillwater has concluded the consultation phase of restructuring that will affect over 3 000 employees and see Beatrix 1 and Driefontein 2 shafts placed on care and maintenance, while Driefontein 6 and 7 shafts and Beatrix 2 plant will be closed.
Trade union AMCU will end its five-month long strike after reaching an agreement with Sibanye-Stillwater.
The upcoming wage talks will pit Sibanye Chief Executive Officer Neal Froneman against AMCU President Joseph Mathunjwa, who oversaw the longest ever strike in South Africa’s platinum industry in 2014.
Sibanye-Stillwater is set to conduct a non pre-emptive cash placing of new ordinary shares, the miner announced on Tuesday evening.
The Labour Court has ruled that a gold wage agreement between Sibanye-Stillwater and unions NUM, UASA and Solidarity, which has been extended to AMCU as well as non-unionised employees, is valid and lawful.
Mining is a sunrise industry? Not so fast, says AMCU president Joseph Mathunjwa.
Harry Kenyon-Slaney’s arrival as non-executive director comes at a time when Sibanye-Stillwater is shrugging off the impact of industrial action and occupational challenges including mine deaths that occurred last years.
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