Joint venture partners Glencore and Merafe Resources could cut up to 665 jobs and have started consultations with workers at their Rustenburg ferrochrome smelter. Local chrome firms on Monday warned of more than 1,200 potential job cuts, citing power cuts, rising electricity tariffs and increased competition from overseas. The potential layoffs highlight the risks posed..
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SA chrome firms warn of more than 1,200 job cuts – Eskom’s unreliability and rising tariffs were some of the main reasons for the layoffs
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Poor economic conditions in SA cause job losses
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With the latest announcement from Telkom regarding the retrenchment of nearly 3,000 employees, the mining industry has also warned that they will be following the same route. Glencore and Merafe are also retrenching due to the poor economy and the extremely expensive electricity. Unconfirmed reports indicate that about 1,000 jobs have been compromised, of which..
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Former Mineral Resources Minister was dismissed by the ANC regime so that Gupta candidate could fill the post to make corruption and state capture possible at Eskom
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The Guptas have been helped to buy the Optimum mine through a pre-payment of R659m by Eskom, said Glencore’s former head Clinton Ephron. Eskom’s fingers were further in the negotiations by fining Optimum Coal with R2.1bn for so-called low-grade coal supply. This forced Optimum Coal to go into business rescue. The rumours are that Eskom..
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