Sibanye Gold plans to shed 1 600 jobs

"Sibanye Gold Limited has issued Section 189 notices, in terms of the Labour Relations Act, to employees in the Group's support services functions," spokesperson James Wellsted confirmed in a statement on Thursday.

He said the planned merging of regional, corporate, and mine support services into a consolidated, centralised function was expected to increase productivity.

"Sibanye Gold has undertaken a thorough review of its entire business in order to extend the productive lives of its operations and ensure sustainability," he said.

Chief executive officer Neal Froneman said through the proposed restructuring they saw significant potential for increasing economically recoverable reserves.

"This will allow current production levels to be sustained well into the future," he said. The company would enter a 60-day consultation period with unions and affected parties to find a way forward. – Sapa

Advertisting

Stranded commuters say Ramaphosa’s rail promises ring hollow

Cape Town’s largest passenger rail line has been closed for months, hitting people’s pockets and adding to road traffic congestion

EFF ‘circus’ becomes contagion as MPs heckle Malema

ANC MPs test the EFF’s disruptive tactics on the leader of the Red Berets in Sona reply

Ramaphosa ‘neutral’ in Mkhwebane, Parliament impeachment row

However, the president says even if he has a conflict of interest, another Cabinet member could suspend the public protector

Strike-off case pulls in judge

Judge Mushtak Parker is implicated in an application to strike off his former partners. He is also involved in the fight between the Western Cape high court’s judge president and his deputy
Advertising

Press Releases

Response to the report of the independent assessors

VUT welcomes the publishing of the report of the independent assessors to investigate concerns of poor governance, leadership, management, corruption and fraud at the university.

NWU student receives international award

Carol-Mari Schulz received the Bachelor of Health Sciences in Occupational Hygiene Top Achiever Award.

Academic programme resumes at all campuses

Lectures, practicals, seminars and tutorials will all resume today as per specific academic timetables.

Strategic social investments are a catalyst for social progress

Barloworld Mbewu enables beneficiaries to move away from dependence on grant funding

We all have a part to play to make South Africa work

Powering societal progress demands partnerships between all stakeholders

So you want to be a social entrepreneur?

Do the research first; it will save money and time later

Social entrepreneurship means business

Enterprises with a cause at their core might be exactly what our economy desperately needs

Looking inwards

Businesses are finding tangible ways to give back – but only because consumers demand it