SA's mining sector job cull

by Reuters 5 views0

Africa's most developed economy, is struggling with sinking commodity prices, rising costs and labour unrest.

JOHANNESBURG (Reuters) – South Africa’s largest mining union, the National Union of Mineworkers (NUM), said on Thursday 11,000 members could lose their jobs after getting notifications from companies.

“That is not a final confirmation all of them will be fired,” said William Mabapa, the deputy general secretary of the NUM.

The mining industry, which contributes around 7 percent to Africa’s most developed economy, is struggling with sinking commodity prices, rising costs and labour unrest.