oa De Rebus - Failing the objectives of the MPRDA : opinion
|Article Title||Failing the objectives of the MPRDA : opinion|
|© Publisher:||Law Society of South Africa|
|Publication Date||Oct 2014|
|Pages||58 - 59|
On 23 June 2014, the longest mining sector strike in South African history ended when the Association of Mineworkers and Construction Union (AMCU) accepted a revised wage offer from platinum producers. The economic and social costs of the strike were crippling. It is reported that the platinum producers lost over R 24 billion in revenue, while employees lost wages of over R 10,6 billion. These figures do not include the loss of investor confidence and the impact of the strike on local businesses or the families of the striking workers.
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