20°C / 22°C
  • Tue
  • 21°C
  • 14°C
  • Wed
  • 26°C
  • 14°C
  • Thu
  • 21°C
  • 12°C
  • Fri
  • 22°C
  • 11°C
  • Sat
  • 26°C
  • 10°C
  • Sun
  • 26°C
  • 13°C
  • Tue
  • 22°C
  • 16°C
  • Wed
  • 22°C
  • 15°C
  • Thu
  • 22°C
  • 15°C
  • Fri
  • 21°C
  • 16°C
  • Sat
  • 19°C
  • 14°C
  • Sun
  • 19°C
  • 13°C
  • Tue
  • 21°C
  • 16°C
  • Wed
  • 27°C
  • 16°C
  • Thu
  • 23°C
  • 15°C
  • Fri
  • 26°C
  • 14°C
  • Sat
  • 27°C
  • 13°C
  • Sun
  • 27°C
  • 14°C
  • Tue
  • 23°C
  • 16°C
  • Wed
  • 29°C
  • 15°C
  • Thu
  • 20°C
  • 12°C
  • Fri
  • 23°C
  • 12°C
  • Sat
  • 27°C
  • 10°C
  • Sun
  • 28°C
  • 14°C
  • Tue
  • 25°C
  • 20°C
  • Wed
  • 26°C
  • 20°C
  • Thu
  • 22°C
  • 19°C
  • Fri
  • 22°C
  • 19°C
  • Sat
  • 24°C
  • 19°C
  • Sun
  • 23°C
  • 18°C
  • Tue
  • 20°C
  • 17°C
  • Wed
  • 19°C
  • 16°C
  • Thu
  • 20°C
  • 16°C
  • Fri
  • 22°C
  • 17°C
  • Sat
  • 19°C
  • 15°C
  • Sun
  • 19°C
  • 12°C
  • Tue
  • 23°C
  • 14°C
  • Wed
  • 24°C
  • 13°C
  • Thu
  • 24°C
  • 13°C
  • Fri
  • 25°C
  • 14°C
  • Sat
  • 23°C
  • 13°C
  • Sun
  • 22°C
  • 10°C
  • Tue
  • 21°C
  • 16°C
  • Wed
  • 21°C
  • 15°C
  • Thu
  • 20°C
  • 15°C
  • Fri
  • 20°C
  • 16°C
  • Sat
  • 18°C
  • 13°C
  • Sun
  • 18°C
  • 12°C
  • Tue
  • 22°C
  • 17°C
  • Wed
  • 28°C
  • 17°C
  • Thu
  • 21°C
  • 15°C
  • Fri
  • 27°C
  • 15°C
  • Sat
  • 28°C
  • 13°C
  • Sun
  • 28°C
  • 15°C
  • Tue
  • 31°C
  • 16°C
  • Wed
  • 31°C
  • 15°C
  • Thu
  • 26°C
  • 12°C
  • Fri
  • 26°C
  • 11°C
  • Sat
  • 31°C
  • 13°C
  • Sun
  • 32°C
  • 14°C
  • Tue
  • 22°C
  • 17°C
  • Wed
  • 25°C
  • 17°C
  • Thu
  • 22°C
  • 17°C
  • Fri
  • 27°C
  • 15°C
  • Sat
  • 27°C
  • 14°C
  • Sun
  • 26°C
  • 15°C
  • Tue
  • 20°C
  • 15°C
  • Wed
  • 18°C
  • 14°C
  • Thu
  • 17°C
  • 14°C
  • Fri
  • 21°C
  • 15°C
  • Sat
  • 17°C
  • 13°C
  • Sun
  • 17°C
  • 11°C

Urgent intervention needed to save mining sector - Zuma

Govt has been forced to call an urgent meeting with labour and business leaders in the mining sector.

FILE: President Jacob Zuma. Picture: Reinart Toerien/EWN

JOHANNESBURG - Consistently low commodity prices and the risk of job losses have forced the government to call an urgent meeting with labour and business leaders in South Africa's mining sector, President Jacob Zuma said on Tuesday.

The mining industry, which contributes around 7 percent to Africa's most developed economy, is struggling with sinking commodity prices, rising costs and labour unrest, forcing a number of companies into mine closures and layoffs.

"We meet under difficult conditions. The global economy is experiencing a downturn which is posing a challenge for South Africa's economy, which is a net exporter of key mineral commodities," Zuma said in opening remarks at the Mining Sector National Consultative Forum in the capital Pretoria.

The meeting comes after a 10-point plan was signed by the mines ministry, labour and industry to stem a wave of job cuts triggered by falling prices and rising costs.

Zuma's ruling ANC party is facing increasing pressure from the left-leaning parties who accuse him of neglecting the working class ahead of local elections next year.

Mines Minister Ngoako Ramatlhodi told reporters he wanted to save mines while also conserving jobs and that the meeting with Zuma would hopefully yield solutions to the job losses.

"It is crucial, it is important and we have elevated it to the president's level and that tells you the importance we have attached to this gathering," he said.

Ramatlhodi has previously said almost 12,000 mining jobs were on the line in South Africa, which has an unemployment rate of around 25 percent and glaring income disparities.

South Africa sits on close to 80 percent of the world's known reserves of platinum, a metal used in emissions-capping catalytic converters which is facing depressed demand.

Zuma said on Tuesday that 463 companies were found to be non-compliant with a charter that includes targets for black ownership.

Mining companies in the world's top platinum producer have been scrambling for years to meet the targets set out in the government's "Mining Charter", including one that calls for 26 percent black ownership by 2014. Failure to comply with the charter could result in permits or mining rights being revoked.

Comments

EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the EWN community a safe and welcoming space for all.

EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

comments powered by Disqus