A strike in the world's main platinum-producing region in the northwest is a major factor in the upcoming elections and the overall economic future of South Africa. Some 80,000 miners, members of the Association of Mineworkers and Construction Union, have been on strike for nearly four weeks.
The five month long strike affected both the workers and the mining companies. 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.
South Africa's National Union of Mineworkers (NUM) threatened on Friday to call a strike at mining companies De Beers, Exxaro, and Petra Diamonds after failing to reach wage agreements. NUM, one of the biggest mining unions in South Africa, said it had secured a certificate to stage a strike after talks on a wage settlement…
In this paper we measure the economy-wide impact of the 2014 labour strike in South Africa's platinum industry. The strike lasted 5 months, ending in June 2014 when producers reached an agreement with the main labour unions.The immediate impacts on local mining towns were particularly severe, but our research shows that the strike could also have long lasting negative impacts on the South ...
Scandals and strikes: an uncertain future for platinum in South Africa. 12 Jan 2016. Mining giant Anglo American is selling some of its South African platinum mines due to their limited profitability. The South African Government has expressed increasing concern about the state of mining and the loss of thousands of jobs in the sector, so the ...
Mining strikes: The costs to SA's economy. Wednesday, March 5, 2014. South Africa is a world leader in mining, and mining remains the back bone of the country's economy. It has been so since the precious metal was discovered in Johannesburg around 1887. The country's huge and varied mineral reserves play a vital role in the economy ...
Introduction: Background to the Strike. The formation of the Union of South Africa in 1910 was a development that had vastly different consequences for the various groups in the four former colonies. The union was a victory for the British – especially for the 'uitlanders' (foreigners) and mining magnates – who wanted to unite the country; but it was a defeat for Afrikaners such as ...
The Strike: Five days that shook South Africa. Day One: Monday, 12 August. The strike began on Monday 12 August 1946, on the early morning shift. The strike call was ignored by many miners, and the union was unable to oversee the strike, especially after many organisers were arrested on the second day of the strike.
The Strike: Five days that shook South Africa. Day One: Monday, 12 August. The strike began on Monday 12 August 1946, on the early morning shift. The strike call was ignored by many miners, and the union was unable to oversee the strike, especially after many organisers were arrested on the second day of the strike.
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 producers over R16-billion that year, when the current account gap was 5,2% of gross domestic product (GDP). Mining ...
Such events are rooted in a strike led by the African Mine Workers' Union in August 1946. Miners of the Witwatersrand were demanding higher pay: an extra 10 shillings a day. The strike went on for a week despite what South African History Online describes as "the most savage police terror". Officially, the police and army attacked the ...
While Violent, Mining Strikes Aren't South Africa's Real Problem. While important, it is likely that the continuing media attention on the mine strikes is a result of the violence involved rather than a genuine interest in the finer points -- including the fact that they are rooted in struggles that extend far beyond the economic realm, pitting ...
The strike lasted 5 months, ending in June 2014 when producers reached an agreement with the main labour unions. The immediate impacts on local mining towns were particularly severe, but our research shows that the strike could also have long lasting negative impacts on the South African …
Gold miners downed tools after wage negotiations failed and over 100,000 miners went on strike 2011 South Africa's mining industry is largest contributor to economic transformation through widespread black economic empowerment transactions 2016 Fatalities in the industry fall to lowest level in history of South African mining 2017
Mining strikes: The costs to SA's economy. Wednesday, March 5, 2014. South Africa is a world leader in mining, and mining remains the back bone of the country's economy. It has been so since the precious metal was discovered in Johannesburg around 1887. The country's huge and varied mineral reserves play a vital role in the economy ...
South Africa accounts for a third of the company's global output, thus this halt to all AngloGold production in the country is a significant hit to the company. With these additional stoppages, it is estimated that over 39 percent of South African gold output has now been halted, as multiple mining companies experience strikes among the ...
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
Army quells miners' strike, killing 214 1941 African workers formed the African Mine Workers Union 1943 In order to stave off the growing unrest among the African mine workers, the regime appointed a Commission of Enquiry 1946 They called a general strike. Nine men were killed, and seventy men were dismissed. The union was subsequently banned.
The South Africa miners strike was a one-day strike by the National Union of Mineworkers of South Africa over working conditions and safety in the country's mining industry. It was the first ever industry-wide miners' strike in South African history History. On 27 November 2007, the ...
the strike to disappear. We conduct our analysis using a dynamic CGE model of South Africa. JEL codes: C68, J52 Keywords: Platinum mining strike, computable general equilibrium, UPGEM 1 Introduction The labour strike in South Africa's platinum sector that started on 23 January 2014 became the country's largest and most expensive in history ...
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