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.

VantageGoldfieldsCity Press reports that according to business rescue practitioner Rob Deverbux, there is a reasonable prospect of the cash-strapped Lily Gold Mine in Mpumalanga being rescued given that the conditions of the business rescue plan are met and there is a market for the company to continue.  

His rescue plan for the mine indicates that it is “a good investment for any person”.  The mine has found itself in dire straits since it was shut down on 5 February after a collapse on the entrance of its shaft.  Three workers remain unaccounted for.  The owners, Vantage Goldfields, filed for business rescue on 4 April.  The mine’s 900 workers did not receive their April salaries and there is no hope they will receive them this month.  Meanwhile, Deverbux is negotiating with employees to take severance packages.  The Association of Mine and Construction Workers Union (Amcu) is expected to brief its members about the rescue plan at the weekend.

  • Read this report by Sizwe Sama Yende in full at City Press

Get other news reports at the SA Labour News home page