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Sep 08, 2017· The South African mining industry is in crisis, according to the CEO of the Chamber of Mines of South Africa - Roger Baxter. Addressing the Paydirt 2017 Africa Downunder conference in Perth Baxter, representing the Chamber of Mines said business confidence in South Africa was at its lowest levels in more than three decades.
South Africa's largest platinum mining companies this week warned of potential job losses, while 400 workers were sacked at a chrome mine and at least one mining contractor confirmed that it ...
Nov 22, 2017· What is the impact of strikes for employers and employees? ... In order to avoid the snowballing costs and loss of business that strikes can cause the employer needs to understand: ... Industry Organisations. Association for Skills Development in South Africa - ASDSA.
South Africa is home to 80% of the world's known platinum reserves, and produces about 70% of the world's supply. Platinum prices have been flat since 2009 or so, due to weak demand for catalytic converters, the primary use of platinum in industry. Meanwhile, other costs have risen, putting pressure on the mining industry. In 2013, roughly half of South Africa mining shafts operated at a net loss.
Jun 25, 2014· After five months, South Africa's platinum miners strike has ended with a deal that will see the lowest paid workers receiving increases of R1,000 (£55) a month.
Mar 27, 2017· The truth about South Africa's illegal mining industry It's a multibillion-dollar transnational business empire with its own financial targets, .
Rustenburg profited immensely from South Africa's rising platinum output between 1994 and 2009, which grew by 67% over that period. Before the 2012 strikes, Rustenburg had the third fastest growing economy out of the eight metropolitan municipalities in South Africa.
Why South Africa's Mining Strikes Are Symptoms Of A Much Bigger Problem. ... To better the understand causes of the strikes and their political and socio-economic ramifications, ...
Labour market dynamics in South Africa, 2014 report. PRESS STATEMENT APRIL 2015. Highlights. The effects of the 2008–2009 global financial crisis on the South African economy continued to linger in 2014. This, combined with factors such as constrained electricity supply and labour unrest, has negatively impacted on the performance of the economy.
The white South African State was mobilised and rampant in defence of its cheap labour policy and big dividends for the mining magnates and big business. This marked the opening of a phase of intense repression by the racist regime of the day, led by Field Marshal Smuts, against the forces for change in South Africa.
Mining Machines might not take miners' jobs, but could save their lives Feb 07 2020 05:01. Simine consultant Antony Mello told Fin24 that the company served assisted the mining industry to define and understand the "organisation of the future", using tech to simplify tasks and help save lives.
Feb 01, 2013· The current turbulence in the mining industry in South Africa has its roots in several different factors. First, the fall in global demand for platinum and other minerals due to recession; second, the consequences of the Marikana disaster in destabilising labour relations; and third, the structural character of our mining industry.
In Part II of a series on South Africa 2013: The Year of the Strikes, Advocate Ilene Power highlights six main reasons your employees will go on strike. If you're an executive on a fat package, some of these risk factors will not be music to your ears – as, ultimately, your income is a major risk factor.
As South Africa's biggest post-apartheid mine strike marks its eighth week on Thursday, it is already denting growth and export earnings, and many of those affected are having to sell their most ...
Dec 24, 2018· South Deep is the world's second largest gold-bearing ore mine, but has been unprofitable for a decade, due to deep deposits and rising costs.The strike which began on November 2 ended on December 13. The mining house reached a settlement with the workers, with retrenchments going ahead as planned. Sibanye-Stillwater
The recent spate of strikes in the mining sector in South Africa has created a perceived nervousness amongst shareholders. Within the mining sector in South Africa, gold mining is of significance historically and economically. This study aims to assess the impact of strikes on shareholder value in the gold mining industry
The five month long strike affected both the workers and the mining companies. The South African mining industry shed 20,000 jobs in the 12 months leading to June 2013, and that trend was set to continue due to low margins, cost pressures and volatile commodity prices.
Oct 10, 2012· Disclaimer. This paper is about underlying causes, social trends and possible solutions to address the causes of the mining strike wave crisis. It is an opinion piece that does not seek to detail the exact quantitative degree to which these trends have impacted on various commodity sub-sectors of the mining industry.
Mining: a brief history. The 1970s are best remembered for disco, bell-bottoms, and the mesmerising lava lamp. It was also the decade that saw South African mining forge ahead in its influence on the economy and employment.
Jul 15, 2014· The country's economy has battled to fully recover from the impact of the 2009 recession due to low productivity in the mining and manufacturing sectors. The sluggish growth has mainly been attributed to the bruising strikes in both sectors that have led to contractions in the first quarter. Thi ...
May 12, 1995· "The cause cannot be attributed to a natural unforeseen event." ... Mining is South Africa's largest industry, and gold is the largest earner among a list of mining .
Labour Unrest in the Mining Sector in South Africa Chitja Twala University of the Free State, South Africa Introduction and Historical Background This article is aimed at explaining and interpreting the events, causes, and the aftermath of the Marikana Massacre which happened on 16 August 2012 in South Africa. Furthermore, the article
May 28, 2014· Months of mining strikes in South Africa pushed its economy into contraction in the first quarter of this year, and with no resolution in sight, the outlook remains bleak.
strike in South Africa's platinum industry. The strike lasted .ve months, ending in June 2014 when producers reached an agreement with the main labour unions. The immediate impacts on local mining towns were partic-ularly severe, but our research shows that the strike could also have long
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