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Just In


Andre Janse van Vuuren

Amplats lashed after plan to cut 6 000 jobs

12 May 2013 14:01

Anglo American Platinum (Amplats) has relented on its long-standing proposal to cut up to 14 000 jobs at the group’s Rustenburg operations, but its revised proposition of 6 000 redundancies has only succeeded in making both the unions and the markets unhappy.

Mining CEOs rake in the cash

28 April 2013 10:00

South Africa’s mining chief executives, for the most part, paid themselves handsome salaries last year, raising the chagrin of trade unions who say the very same companies are likely to plead poverty during the course of looming wage negotiations.

Biofuels given a new lease on life

7 April 2013 10:00

Dormant plans to establish a local biofuel sector – earmarked to create up to 50 000 jobs and save the country at least R8.9 billion in foreign exchange payments – could be given a new lease on life before year-end when government hopes to have financial incentives for prospective producers in place.

Eskom power price hike will be more than 8%

17 March 2013 10:00

Eskom has finalised its revised tariff-increase structures, which will come into effect next month, yet many households could still face a bigger increase than the 8% average approved by the National Energy Regulator of SA (Nersa).

Is Eskom’s glass half-empty or half-full?

3 March 2013 10:01

The decision by the National Energy Regulator of SA (Nersa) to slash Eskom’s requested revenue by more than R180 billion over the next five years came after the regulatory body found an array of inflated cost bases and wrongful assumptions in the power utility’s application for tariff increases.

Peace: Stuck between a rock and Amcu

24 February 2013 10:01

South Africa’s mines remain prone to more violent flare-ups as unions and companies scramble to give effect to a peace accord brokered by government this week – a process abandoned at the last minute by the newly dominant Association of Mineworkers and Construction Union (Amcu).

Workers, mines must work together

10 February 2013 10:00

The Marikana massacre and the subsequent wave of strikes across the mining sector have made many mining houses think again about the wellbeing of their workers and relationships with communities as they come to grips with the link between their own survival and buy-in from stakeholders.