for subscribers

NUM urges Zwane to withdraw moratorium notice

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

Cape Town – The National Union of Mineworkers (NUM) added its voice to the criticism levelled against Mines Minister Mosebenzi Zwane’s proposal to place a moratorium on mining deals, rights and prospecting licences and will request him to desist from implementing it.

“NUM is deeply concerned by the current consideration to put in place a moratorium until the finalisation of the current court challenge of the recently gazetted Mining Charter by the Chamber of Mines,” it said in a statement issued on Wednesday.

“We are of the view such a moratorium will negatively affect our members through job losses, since there will be no Section 11 approvals taking on change of ownership and new mining or prospecting rights. All of this is taking place while we are faced with enormous job losses in various operations amounting to close to 20 000 affected employees.”

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
17.38
(-0.05)
ZAR/GBP
22.72
(-0.10)
ZAR/EUR
20.56
(-0.12)
ZAR/AUD
12.45
(-0.12)
ZAR/JPY
0.16
(-0.19)
Gold
1942.90
(+0.07)
Silver
26.42
(+0.07)
Platinum
941.16
(+0.46)
Brent Crude
44.74
(-0.36)
Palladium
2104.73
(+0.41)
All Share
57077.48
(-0.60)
Top 40
52737.48
(-0.65)
Financial 15
10156.41
(-0.69)
Industrial 25
75107.47
(-0.84)
Resource 10
58926.78
(-0.40)
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% - 1010 votes
It depends on how the funds are used.
74% - 6764 votes
No. We should have gotten the loan elsewhere.
16% - 1427 votes
Vote