Today's Labour News

newsThis news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.

boardroomtableBloomberg writes that when the world’s biggest platinum producers sit down with labour unions this month to negotiate a new three-year wage deal, it could prove an early test of Cyril Ramaphosa’s new presidency.  

An amicable outcome will bolster Ramaphosa, who is a former mine union leader and one-time platinum company investor, as he seeks to lure foreign investors.  However, the industry is bracing for a tough round of talks and, with the industry having reaped windfall profits, there are fears the unions will go on strike.  Some producers have accumulated cash to withstand a repeat of the prolonged and violent strike in 2014.  With preliminary wage talks likely to start this month, the Association of Mineworkers and Construction Union (Amcu), the National Union of Mineworkers (NUM), Solidarity and Uasa will be pitted against at least seven producers, including Anglo American Platinum and Sibanye Gold.  Some fear Amcu is gearing up for industrial action after the labour registrar threatened to deregister the union for failing to hold a regular congress and leadership elections.  Another platinum strike as in 2014 would hurt both the industry and the unions, according to analyst Peter Major.  “Don’t try to force our hand with a threat of a strike, because quite honestly we will take a strike.  We are not intimidated by those types of things,” Sibanye CEO Neal Froneman commented.

  • Read the full original of the informative report on the above at Mining Weekly

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