Thought Leadership
BDLive reports that the state will have about R100bn less to spend in the next three years because of the hefty public sector wage increase and lower tax revenue due to weak economic growth. Source: Latest News
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Platinum producer Lonmin confirms job cut plans
Mining Weekly Online reports that platinum producer Lonmin announced plans on Wednesday to raise US$400m with a rights issue, restructure debt and reduce its workforce in a bid to restore balance sheet health. Source: Latest News
Sibanye signs wage deal with NUM, Solidarity and Uasa, but Amcu stays out
Brendan Ryan reports that Sibanye Gold has signed a three-year wage agreement with the National Union of Mineworkers (NUM), Solidarity and the United Association of SA (Uasa). Source: Latest News
Web links to a selection of labour news reports posted on Wednesday, 21 October 2015
Our links page provides references to South African labour news reports we have come across on the Internet on Wednesday, 21 October 2015. Source: Latest News
Midday roundup of labour news on Wednesday, 21 October 2015
In our Wednesday roundup, see summaries of our selection of South African labour- related stories that have appeared since mid-morning on Tuesday, 20 October 2015. Source: Latest News
Samwu wants EPWP jobs put permanently on municipal payrolls
TimesLive reports that the SA Municipal Workers’ Union (Samwu) has resolved to get millions of extended public works programme (EPWP) workers fully employed by municipal councils across the country. Source: Latest News
ERPM, DRD and Anglo American put their arguments against silicosis class action suit
GroundUp reports that lawyers for gold mining companies ERPM, DRD and Anglo American added their voices on Tuesday to those of their fellow producers fighting the silicosis action in the South Gauteng High Court. Source: Latest News
More senior Samwu leaders face arrest for fraud
The Star reports that more senior leaders of the SA Municipal Workers’ Union (Samwu) allegedly linked to the theft of more than R178 million of union funds are facing arrest, while four others are out on bail. Source: Latest News
Consumer inflation unchanged in September at 4.6%
BDLive reports that annual consumer price inflation was 4.6% in September 2015, unchanged from August 2015, Statistics SA data showed on Wednesday. UFX.com MD Dennis de Jong said inflation figures had been relatively stable in the past few months. Source: Latest News
“NUM coal strike did not have major impact on Eskom’s operations”
SABC News reports that power utility Eskom has indicated that the recently-ended strike in the coal mining industry by the National Union of Mineworkers did not have a major impact on its operations. Source: Latest News