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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.
Amcu president Joseph Mathunjwa said that his union would close down the entire South African mining industry once they embarked on this strike. ... Amcu secondary strike 'will shut down mining ...
These giants in the mining industry were so powerful that South American currency, the Rand, was named after them (2). Even though the rule of the Randlords happened a long time ago, the mining industry still feels some of the effects today. The current conditions of mining in South Africa are improving, but still poor.
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.
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.
Jan 24, 2013· The first theme addresses trends in silicosis in the South African gold-mining industry over a period of 33 years, and the second explores the potential for occupational respiratory disease in the under-researched platinum- and diamond-mining sectors.
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, .
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.
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 ...
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.
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
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
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 ...
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
Jan 12, 2016· Mining giant Anglo American is selling some of its South African platinum mines due to their limited profitability. The South African Government has expressed increasing concern about the state of mining and the loss of thousands of jobs in the sector, so the sale will set the tone for whether or not the industry is salvageable.
Aug 24, 2012· South Africa's mining industry has lost 131,000 jobs since 2001 because of under-investment and poor performance, according to the agency. "Growing militancy and .
Mining in South Africa was once the main driving force behind the history and development of Africa's most advanced and richest economy. Large-scale and profitable mining started with the discovery of a diamond on the banks of the Orange River in 1867 by Erasmus Jacobs and the subsequent discovery and exploitation of the Kimberley pipes a few years later.
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.
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 .
Dec 05, 2007· South Africa's crucial mining sector was hit Tuesday by its biggest strike in two decades, as tens of thousands of workers stayed home to protest poor safety conditions.
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.
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.
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