DRDGold

 

Erwin: No clear link between power crisis and job cuts

Staff Reporter

It is unclear whether proposed job cuts in the mining industry are caused by power cuts and electricity rationing, or other factors, Public Enterprises Minister Alec Erwin said in Parliament on Wednesday. "I've been a trade unionist for many years, and you often use an event like this to explain something you're going to do anyway," he said.

Violence adds to economic woes

Staff Reporter

Anti-foreigner violence in South Africa has already hit the mining sector, a mainstay of the domestic economy, and threatens to undermine confidence among international investors, analysts say. Even before the unrest broke out, the outlook for the South African economy was clouded by uncertainty.