Racial edicts in the form of the current empowerment regime have been presented as a non-negotiable by President Ramaphosa, writes Terence Corrigan.
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.
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.
Three more houses have been torched in Blybank in Carletonville amid apparent union rivalry near Sibanye-Stillwater gold mine.
Somerset WestAfrica Experience Collection (PTY) LTDR40 000.00 - R70 000.00 Per Month
MosselbaaiCalandria Labour Consultants
R 2 995 000
R 2 960 000
R 2 750 000
We subscribe to the Press Code.
You choose what you want
News24 on Android
Get the latest from News24 on your Android device.
Terms and Conditions
24.com Terms and Conditions - Updated April 2012
Creating your profile will enable you to submit photos and stories to get published on News24.
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.