This 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.
Mining Weekly reports that the record operational and financial performance of Northam Platinum in the 12 months to 30 June was accompanied by the creation of 2,335 new sustainable jobs.
This took the total generated by the platinum group metals (PGMs) mining company's growth strategy since 2015 to 8,232. The spectacularly performing JSE-listed company headed by CEO Paul Dunne paid a record R5-billion in salaries in the period and put R5.2-billion in taxes into the coffers of the hard-pressed National Treasury. Northam was now well on its way towards attaining its medium-term production target of one-million ounces a year and was placing its employees and host communities on centre stage to benefit from its empowerment extension, Dunne said during Northam’s presentation of results. Northam’s countercyclical approach has made a tremendous contribution towards vital job creation and extending new empowerment focus to employees brings the prospect of added reward for the workforce, for which greater certainty has been created through five-year wage agreements. Northam recently signed five-year wage settlements at both the Zonderiende and the Eland PGMs mines, which follows the five-year agreement signed at the Booysendal mine last year, providing the company with significant stability during what is expected to be a buoyant PGMs pricing environment. In addition, all of the company’s employees benefit from comprehensive health care, retirement benefits and home ownership assistance, with another 1,279 affordable homes being made available this year.
- Read the full original of the report in the above regard at Mining Weekly
Get other news reports at the SA Labour News home page