Tag Archives: Amplats

Christo Wiese’s ‘Richest South African’ acceptance speech

The collective wealth of the top 20 grew 8.6% over the previous year and saw Shoprite’s Christo Wiese knocking mining magnate Patrice Motsepe off his perch as the richest South African. — Times Live Striking platinum miners have taken to the road, touring the country in the hope of winning over public opinion towards their…

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Amplats’ restructuring reflects broader trends

By Niall Reddy Anglo’s platinum operations are not “unprofitable”, rather they are not “profitable enough”. Plans to restructure will jeopardise the income of 14 000 workers and more than 100 000 dependants. The Association of Mineworkers and Construction Union’s (AMCU) call to nationalise in response reflects the growing consensus on the need for drastic redirection in the…

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What do we do with another 14000 unemployed?

By Aidan Prinsloo In my previous contribution, I made a fairly simple point: the retrenchments proposed by the big mining companies in South Africa are unavoidable. The only way our mines can offer competitive prices and look after their employees properly is if they move from the outdated and inhumane many people, low-tech model to…

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Why Amplats is doing the unavoidable

By Aidan Prinsloo The upcoming retrenchments are neither malicious nor a justified retribution. Instead, they are signs of transition that South African business must make. The Association of Mineworkers and Construction Union (Amcu) and Cosatu have expressed outrage at Amplats’ proposed cut of 14 000 jobs. Other mining companies are proposing similar cuts. Some think…

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Amplats passing the buck after pocketing the rand

No wonder Anglo American Platinum, the world’s largest platinum producer, is fixing to lay off at least 14 000 workers. According to the Chamber of Mines of South Africa, the remuneration of a mineworker increased by an average of 30% each year between 1999 and 2011. I highly doubt the average mineworker increased his or…

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