Mining is an important sector in the South African economy. It had been reported that in 2012 it brought in $21bn, or 5.5% of GDP and 38% of all South African exports. An internal memorandum from Lonmin officials shows that in July the company knew it was paying its rock drill operators less than other companies.
2014-10-24 · The South African mining industry shed 20,000 jobs in the 12 months leading to June 2013, and that trend was set to continue due to low margins, cost pressures and volatile commodity prices. Additionally, labour costs in the mining sector account for 45% to 50% of total cost, while the global average was 30 to 40% of total cost, with employee ...
Corpus ID: 167169725. The effects of strikes in the South African gold mining industry on shareholder value @inproceedings{Seedat2013TheEO, title={The effects of strikes in the South African gold mining industry on shareholder value}, author={A. Seedat}, year={2013} }
2020-7-28 · laws in South Africa. 1.2 Problem statement . There is nothing wrong with embarking on a strike. In fact, the right to strike is granted by both the Constitution and the LRA. However, what is of great concern is the relationship that exists between strikes and the collective violence that has increasingly accompanied strikes over the years.
2021-1-14 · seems to have shattered-down the aspirations of a better South Africa. South Africa recorded 114 strikes in 2013 and 88 strikes in 2014, which cost the country about R6.1 billion according to the Department of Labour.6 The impact of these strikes has been hugely felt by the mining sector, particularly the platinum industry.
2021-3-26 · The recent spate of strikes in the mining sector in South Africa has created a perceived nervousness amongst shareholders. Within the mining sector in South Africa, gold mining is of significance historically and economically. This study aims to assess the impact of strikes on shareholder value in the gold mining industry
mining sectors to aggregate output in the South African economy, rather than with the aggregate volume of sales of the sector.4 Over the 1970-98 period, the proportional contribution of the mining sector to total value added in the South African economy has more than halved, declining from 21.3% in1970, to 9.9% of the private sector''s GDPin 1998.
2021-8-23 · South African Platinum Mining Industry in Perspective 4. Chapter 4 Marikana and the 2012 strike wave ... in September. At the heart ofthe strikes was the demand for a ''living wage''-a clarion call that would be taken up by workers at other platinum mines, the gold, coal, transport and ... The chapter maintains that one of the major causes of the ...
Leon Levy, past President of SACTU, likened strikes by Black workers in South Africa to ''small scale civil wars'' with ''lorry-loads of police, armed with batons, sten-guns and tear-gas bombs'', where ''great pick-up vans arrive and all the strikers are arrested '' All strikes supported by SACTU whether for higher wages and improved working ...
Causes Of Strikes In The Mining Industry Of South Africa Causes Of Strikes In The Mining Industry Of South Africa CHAPTER III CAUSES AND CONSEQUENCES OF STRIK +86 21 33901608 [email protected] ... causes of strikes in the mining industry of south africa {{v}} Limestone Sand Making Machine in Chongqing, China.
The current turbulence in the mining industry in South Africa has its roots in several different factors. First, the fall in global demand for platinum and other minerals due to recession; second, the consequences of the Marikana disaster in destabilising labour relations; and third, the structural character of our mining industry. A great deal has been written about the first two …
1991-11-1 · Leger, J.-P., 1991. Trends and causes of fatalities in South African mines. Safety Science, 14: 169–185.. The trends and principal causes of occupational fatalities and disasters (defined as six or more fatalities in one incident) in the …
2014-7-10 · Strike action slows mining production. Mining production decreased by 6,5% year-on-year in May 2014. The largest negative growth rates were recorded for Platinum Group Metals (PGMs) (-48,5%), ''other'' non-metallic minerals (-13,3%) and building materials (-11,7%). The main contributor to the 6,5% decrease was PGMs (contributing -10,4 ...
2021-7-30 · The recent spate of strikes in the mining sector in South Africa has created a perceived nervousness amongst shareholders. Within the mining sector in South Africa, gold mining is of significance historically and economically. This study aims to assess the impact of strikes on shareholder value in the gold mining industry
2014-7-18 · Effects of the Mining Strikes on the South African Economy. A wave of violent, wildcat strikes that erupted periodically in 2012 rooted in a turf war between AMCU and the National Union of Mineworkers, cost platinum and gold …
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