September 24, 2017

South Africa’s mining declaration saves 16 000 jobs (for now)

man-looking-mining-site

16,000 mineworkers have, at the very least, been guaranteed of retaining their jobs, following a declaration which government, mining companies and labour unions in South Africa signed, according to the brief which Mineral Resources Minister, Mosebenzi Zwane, made to Parliament.

According to Acting Director General, David Msiza, who accompanied Zwane, the declaration, which has been in place for the past six months, has yielded positive results. He added that there were other rehabilitation activities to create alternative jobs for mineworkers who are about to be retrenched.

Another initiative is to help new and emerging mining companies to buy some of the assets of multinational corporations, which are restructuring and unbundling their assets.

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