16,000 jobs saved after South Africa government and mining firms dealStaff writer ▼ | March 7, 2016
A deal struck between South Africa’s government and mining companies plus unions has prevented the immediate loss of 16,000 jobs.
Mining industry David Mzisa, Department of Mineral Resources:
Other than delaying job cuts, the deal also proposed facilitating the sale of struggling mines, but so far there has not been any announcement of such a purchase.
Mining companies operating in Africa’s most developed economy are closing shafts and retrenching tens of thousands of workers as global commodity prices plummet. ■