for subscribers

Zwane warns AngloGold about job cuts

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Cape Town - Mineral Resources Minister Mosebenzi Zwane instructed the Minerals and Petroleum Board to verify the information that AngloGold Ashanti provided as reasons for embarking on the retrenchment of some 8 500 workers.

Following a meeting with AngloGold executives on Friday, Zwane issued a media statement saying he has tasked the Minerals and Petroleum Board with ensuring that the miner’s intended action take into account the commitments mining companies had made when signing the Stakeholder Declaration earlier as a pledge to save jobs in the industry.

In August 2015, stakeholders in the mining industry signed a declaration committing to saving jobs and help ameliorate the impact of job losses in the sector. 

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
17.62
(-1.25)
ZAR/GBP
23.01
(-0.54)
ZAR/EUR
20.78
(-0.41)
ZAR/AUD
12.62
(-0.16)
ZAR/JPY
0.17
(-0.83)
Gold
2031.70
(-1.76)
Silver
28.22
(-5.12)
Platinum
963.00
(-3.55)
Brent Crude
45.10
(-0.18)
Palladium
2177.00
(-2.22)
All Share
56757.73
(-1.56)
Top 40
52435.65
(-1.72)
Financial 15
9897.96
(+0.10)
Industrial 25
74671.49
(-1.98)
Resource 10
58948.78
(-1.89)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 926 votes
It depends on how the funds are used.
74% - 6217 votes
No. We should have gotten the loan elsewhere.
15% - 1278 votes
Vote