Streaming issues? Report here
money-show-thumbnailjpg money-show-thumbnailjpg
The Money Show with Bruce Whitfield
18:00 - 20:00
volume_up
volume_mute

Up Next: The Aubrey Masango Show
See full line-up
The Money Show with Bruce Whitfield
18:00 - 20:00
Home
arrow_forward
Local
fiber_manual_record
Business

Government working with mining companies to avert job losses

6 August 2018 8:42 AM
Tags:
Job losses
Gold mining sector
Local mining sector
Impala Platinum Holdings Limited
mining job losses
platinum mining

Department of Mineral Resources DG Advocate Thabo Mokoena explains their plans to save jobs in the mining sector.

The Minerals Council has reported that 80% of South Africa's gold mines are no longer profitable.

This poses a threat to jobs in the mining sector.

Two big mining firms Impala platinum and Lonmin announced that they will shed over 25 000 jobs combined in the near future.

Director-General in the Department of Mineral Resources Advocate Thabo Mokoena says the Minister of Mineral Resources Gwede Mantashe is engaging with mining companies and the Minerals Council on the matter.

The minister has advised Implats, in particular, to go back and look at a model that will be appropriate so that we can be able to save jobs.

Advocate Thabo Mokoena, Director- General in the Department of Mineral Resources

We are working together with the mines and we have also advised the mining companies that whenever there is this kind of challenge they are faced with, they must always remember to raise it with us so we can see how to assist.

Advocate Thabo Mokoena, Director- General in the Department of Mineral Resources

READ: The future of mining, South Africa’s lifeblood (and employer of 500 000 people)

Advocate Mokoena says by projections, the prices of platinum would improve in the next two years.

ALSO READ: 36 000 mining jobs on the line

There will be a demand in the next coming years because right now there is no demand.

Advocate Thabo Mokoena, Director- General in the Department of Mineral Resources

Listen to what guarantee they have that things will improve...


6 August 2018 8:42 AM
Tags:
Job losses
Gold mining sector
Local mining sector
Impala Platinum Holdings Limited
mining job losses
platinum mining

More from Local

ekurhulenijpg

'Downgrading of Ekurhuleni and Tshwane not helpful,' says economist Pheko

25 September 2020 4:24 PM

Trade Collective economist Lebogang Pheko says Ekurhuleni is a huge city that has done its best to meet many challenges.

Share this:
Read More arrow_forward

Alex SANDF

'Separation of security agencies and involvement in politics must be clear'

25 September 2020 3:05 PM

Executive director at Institute For Security Studies Dr Cilliers says there should be a clear separation between party and state

Share this:
Read More arrow_forward

whatsapp-image-2020-09-24-at-193855jpeg

Four alleged members of notorious Rolex gang to appear in court on Monday

25 September 2020 2:03 PM

Eyewitness News reporter Veronica Makhoali says police have confirmed that they were involved in high-end jewellery robberies.

Share this:
Read More arrow_forward

black-student-male-laptop-study-online-learning-technology-digital-divide-123f

South African schools push for introduction of digital skills

25 September 2020 11:52 AM

The government will be introducing coding and robotics to enable children to function, find employment and create jobs.

Share this:
Read More arrow_forward

healthcare-worker-frontline-Covid-19-hospital-staff-PPE-face-shield-mask-123rf

'We must emphasise physical distancing, wearing of face masks and hand hygiene'

25 September 2020 9:18 AM

Prof Adrian Puren says we must understand that people are still getting infected and dying because of COVID-19.

Share this:
Read More arrow_forward

national_lottery.jpg

Diverted Lotto millions: 'Can we please get to holding people to account!'

24 September 2020 6:58 PM

Outa's Stefanie Fick urges the speedy investigation of allegations against the suspended COO of the National Lotteries Commission.

Share this:
Read More arrow_forward

Covid-19 corruption 123rf 123rfbusiness 123rfpolitics

Doctors seeing an increase in COVID-19 cases in Joburg

24 September 2020 4:34 PM

Dr Karin van der Merwe says people must not drop their guards and the elderly and the and vulnerable must maintain their distance.

Share this:
Read More arrow_forward

kinnearjpg

Suspect arrested for assassination of Charl Kinnear

24 September 2020 2:14 PM

Hawks spokesperson Brigadier Hangwani Mulaudzi says they are expecting more arrests to be made as they have found information.

Share this:
Read More arrow_forward

alcohol-bar-drink-drinking-restaurant-liquor-hospitality-wine-beer-whiskey-123rf

Trade-off needed between state and businesses 'to tackle alcohol problem'

24 September 2020 1:24 PM

Journalist Carlos Amato says we need to reassess the way the state has been dealing with the alcohol industry for many years.

Share this:
Read More arrow_forward

Punki Modise

'Whatever you are passionate about make a success of it' Absa exec Punki Modise

24 September 2020 12:17 PM

When banking was declared an essential service, for her that really cut deep, making her realise they help with the economy.

Share this:
Read More arrow_forward

More from Business

Woman saving money piggy bank mask 123rf 123rfbusiness 123rflifestyle

Money lessons Covid-19 taught – heed them for a brighter, wealthier future

25 September 2020 10:44 AM

Your financial future – even if you have to start over – could be brighter than it would’ve been without the pandemic.

Share this:
Read More arrow_forward

cashless-paymentjpg

'SA cash economy about 60% of GDP, moving that to digital would be huge saving'

24 September 2020 8:39 PM

The Covid-19 pandemic's moving us towards a cashless society. Arabile Gumede interviews Ukheshe co-founder, Clayton Hayward.

Share this:
Read More arrow_forward

Small business owners entrepreneurs entrepreneurship 123rf 123rfbusiness

Retail Capital injects R500m into economy through Covid-relief for SMEs

24 September 2020 7:41 PM

'Smaller businesses have largely been ignored'. Arabile Gumede interviews Retail Capital CEO Karl Westvig.

Share this:
Read More arrow_forward

national_lottery.jpg

Diverted Lotto millions: 'Can we please get to holding people to account!'

24 September 2020 6:58 PM

Outa's Stefanie Fick urges the speedy investigation of allegations against the suspended COO of the National Lotteries Commission.

Share this:
Read More arrow_forward

Skyscrapers CBD Johannesburg 123rf 123rfbusiness

Long-term investment case for property in Africa remains intact

24 September 2020 1:38 PM

There’ll be many opportunities for frontier investors in the coming years, says Absa's Somaya Joshua.

Share this:
Read More arrow_forward

car-agreementjpg

Wheels come off for YapYap clients (recall the 'new car for R699 a month' guy?)

23 September 2020 8:00 PM

The originator of the scheme is the man behind the 'Drive a new car for R699 a month' fiasco years back, warns Wendy Knowler.

Share this:
Read More arrow_forward

wedding-mask-couple-Covid-19-123rf

Planning a wedding? Remember booking a bigger space for fewer people, costs more

23 September 2020 7:42 PM

Level 1 rules helping but also hindering the wedding industry. Get cost-saving tips from Precious Thamaga (Precious the Planner).

Share this:
Read More arrow_forward

factory-production-manufacturejpg

SA economy: 'Manufacturing remains an engine of growth and must be prioritised'

23 September 2020 6:53 PM

The sector is at a tipping point. Arabile Gumede interviews Philippa Rodseth from industry body, the Manufacturing Circle.

Share this:
Read More arrow_forward

BMW logo 123rf 123rfbusiness logo

[WATCH] Mzansi is loving BMW’s tribute to ‘igusheshe’ – the iconic BMW 325i

23 September 2020 9:26 AM

Khabazela shares some of the videos that went viral on Twitter and Facebook.

Share this:
Read More arrow_forward

bmw-adpng

BMW pays tribute to SA fave 'Gusheshe' (325is) with limited edition 3 series

22 September 2020 8:19 PM

BMW releases an 'ode' to an iconic earlier model. The ad reflects local culture, says Sizakele Marutlulle (Marutlulle and Co).

Share this:
Read More arrow_forward