Mining job cuts on the cards, industry won't be No.1 employer again - analyst

According to reports by Reuters, AngloGold Ashanti is in talks with unions to lay off more than 800 workers.

AngloGold employs more than 25 000 people in South Africa and its been struggling to maintain their saff load because of the declining output in the country due to regulatory issues.

Labour and mining analyst, Mamokgethi Molopyane says it has been predicted over the past three years that mining companies would be restructuring slowly.

Often when they try to re-position themselves job cuts happen to the workers.

Mamokgethi Molopyane, Labour and mining analyst

I do think that in the platinum metals groups there will be some job cuts throughout this year.

Mamokgethi Molopyane, Labour and mining analyst

Molopyane says she doesn't think the South African mining industry will ever go back to being the biggest contributor to the country's GDP and the biggest employer.

To hear more on this conversation, listen below:


This article first appeared on CapeTalk : Mining job cuts on the cards, industry won't be No.1 employer again - analyst


Read More
How to get through awkward family dynamics this holiday

How to get through awkward family dynamics this holiday

Spending time with family over Christmas isn't always easy. Clinical psychologist Khosi Jiyane shares advice on how to cope.

Mantshantsha: Eskom managers to be held to account by the scruff of their necks

Mantshantsha: Eskom managers to be held to account by the scruff of their necks

Financial Mail's Sikonathi Mantshantsha and investigative journalist Sabelo Skiti analyse new board appointments at power utility.

Caiphus Semenya to perform with jazz greats at Tshwane Big Band Festival

Caiphus Semenya to perform with jazz greats at Tshwane Big Band Festival

Semenya spoke to Koketso Sachane about the event and some of the most memorable moments that have made up his musical career.

Naked Scientist: How does rice remove moisture from a cellphone?

Naked Scientist: How does rice remove moisture from a cellphone?

Chris Smith explains the science behind placing your phone in rice if you have dropped in a pool of water.

“There should be an appreciation of an investment from a foreign company"

“There should be an appreciation of an investment from a foreign company"

AngloGold Ashanti call for external intervention in Ghanaian mine capture

Meet AngloGold’s Sipho Pityana (who calls JZ ‘sponsor and chief of corruption')

Meet AngloGold’s Sipho Pityana (who calls JZ ‘sponsor and chief of corruption')

The Money Show’s Bruce Whitfield learns more about the views of the outspoken Chair of AngloGold Ashanti.

Popular articles
South Africans Doing Great Things |  Nkosinathi Nkomo

South Africans Doing Great Things | Nkosinathi Nkomo

Wasanga speaks to Co-founder of AquaRenu, Nkosinathi Nkomo about turning a problem into an opportunity.

Dr Mbuyiseni Ndlozi opens up about his thesis

Dr Mbuyiseni Ndlozi opens up about his thesis

Ndlozi explains the significance of the the first chapter of his thesis: 'Trauma in the archives'.

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

The Money Show’s Bruce Whitfield interviews Steinhoff International Chairperson Christo Wiese.

Is it normal to have a curved penis? Dr Shingai explains

Is it normal to have a curved penis? Dr Shingai explains

Urologist Dr Shingai Mutambirwa says penile curvature is only a concern if it impedes a man's ability to have penetrative sex.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

Meet Shoprite’s Christo Wiese, ruler of retail (and 3rd richest African)

Meet Shoprite’s Christo Wiese, ruler of retail (and 3rd richest African)

Bruce Whitfield interviews the remarkable Wiese (net worth R100 billion!) about how it all began and where it’s going.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?