Tomorrow marks 20 weeks since members of the Association of Mineworkers and Construction Union (AMCU) downed tools at the world's top three platinum producers. And despite numerous interventions and mediators along the way, the strike looks no closer to an end. The situation is edging on desperate. And now job losses could become a reality of the lengthy stoppage. Let's take a closer look at what'... ››› more
Just two weeks ago, Ngoako Ramatlhodi became new mining minister when President Jacob Zuma reshuffled his cabinet. Mr Ramatlhodi vowed to bring an end to the long standing platinum sector strike, which began on 23 January. But yesterday, the minister and his government team stood down from their roles as mediators in current talks. Let's take a closer look at what's going on…
The government t... ››› more
Over the weekend, the mining minister announced that if the top three platinum producers and the striking union don't reach an agreement by the end of today, the government will no longer help mediate talks. Let's take a closer look at what's going on…
Will an ultimatum bring the strike to an end?
Yet again, the top platinum producers and the Association of Mineworkers and Construction Union... ››› more
After some encouraging signs this week, it's emerged that the Association of Mineworkers and Construction Union (AMCU) has rejected the latest offer on the table. This happens a week after the new mining minister intervened to try to bring the lengthy strike in the platinum sector to an end. The union is sticking to its original demands. Let's take a closer look at what's going on…
The AMCU r... ››› more
Finally it's looking hopeful that the strike in the platinum sector could be nearing an end. The new mining minister, who took his position last week, made it his number one priority to try and resolve the strike. The stoppage is now in its fifth month. And it's not just the mining minister who is hopeful, the striking union is also positive about recent talks. Let's take a closer look at what's g... ››› more
The new mining minister, Ngoako Ramatlhodi, and his team met with the striking union and platinum producers today in a bid to bring the lengthy platinum sector strike to an end. But analysts are sceptical the mining minister will have any more luck than others who've intervened in the negotiation process so far. Let's take a closer look at what's going on…
Investment analysts don’t belie... ››› more
Earlier today, the new mining minister, Ngoako Ramatlhodi revealed that he understood the latest talks between the platinum producers and the Association of Mineworkers and Construction Union (AMCU) had broken down. He said bringing the strike to an end is now his top priority. And with GDP for the first quarter revealing the severe impact the strike is having on the economy, the pressure is on. L... ››› more
The platinum sector strike is now into its fifth month. Despite talks restarting last week between the platinum producers and the Association of Mineworkers and Construction Union (AMCU), the strike continues. Today, data showed that the strike had a severe impact on economic growth in the first three months of the year. With a new mining minister appointed, can Ngoako Ramatlhodi make any differen... ››› more
Earlier today, the Minister for Mining, Susan Shabangu warned that a lengthy strike in the mining sector would be bad for the economy. Strike action is set to begin tonight after wage talks failed. Let's have a closer look at the impact of a lengthy strike in the gold mining sector…
Susan Shabangu, Minister of Mines, warned earlier today that a “protracted strike in the gold industry” will... ››› more
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