As the alleged wrongdoing at Bishops Diocesan College shows, equating wealth with virtue is a bad idea, writes Helena Wasserman.
Sprinkles early. Morning clouds. Mild.
An agreement has been reached, bringing the 45-day strike by NUM members to an end.
Gold Fields has no plan to let go of its loss-making South Deep mine, having announced looming retrenchments of 1 560 workers.
Mining companies can build a solid business, however, investors are most perturbed by corruption, says Steve Phiri, CEO of Royal Bafokeng Platinum.
Gold Fields has announced that a contractor at the South Deep project in South Africa has lost his life in a tramming accident.
The situation is frustrating, to put it mildly. The gold price has blasted through US$1 500/oz but gold equities have dropped across the board in response and South African gold equities in particular remain stuck in a rut of underperformance.
At the heart of the strike is a process Gold Fields has undergone at South Deep Mine to increase productivity and reduce jobs.
Mineral Resources Minister Gwede Mantashe has slammed Gold Fields management over its planned retrenchments, saying the job losses reflect "backward" leadership and scapegoating.
Conventional mining as we know it will soon no longer exist, chief executive officer of South African-based gold miner, Gold Fields, Nick Holland, told a recent forum at the Gordon Institute of Business Science.
The National Union of Mineworkers has signed an agreement with Gold Fields securing significant wage increases for entry level workers.
Cape Town Southern SuburbsNDC Personnel & Contractors CC
Cape TownTSU Protection Services (Pty) LtdR1 000.00 - R40 000.00 Per Month
R 2 350 000
Apartments / Flats
R 6 250 000
R 2 995 000
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.