Mineral Resources and Energy Minister Gwede Mantashe has appealed to mining companies to reconsider their planned retrenchments in this current economic environment. This week some mining companies announced their intentions to cut thousands of jobs in the coming months. Sibanye-Stillwater is planning to lay off 2 382 workers while Anglo-American contemplates shedding around 180 jobs.
Delivering a closing address on the last day of the Joburg Indaba looking into the mining sector, Mantashe says amid all this, the industry has proven to be the saviour of the country’s fiscus and must be protected.
“When the fiscus is in trouble already mining comes to the fore and saves the fiscus. This was clear and glaring during COVID-19 when everybody said everything was collapsing it is mining that drove and led the economic reconstruction and recovery.”
South Africa’s mining sector has been on a gradual decline over the past 30 years. However, higher commodity prices have sustained the sector.
Source: eNCA
In other news – Social Media slams Mihlali over her ‘Unfollowed’ interview
Well-known Mzansi influencer and award-winning content creator Mihlali Ndamase found herself at the top of X trends after her episode of ‘Unfollowed’ aired on streaming service Showmax earlier this week.
It would appear that she has failed to impress viewers with her refusal to answer questions. Read more