Today's Labour News

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anglogoldashantiBusinessLive reports that AngloGold Ashanti (AGA) chairman Sipho Pityana has warned of further job cuts in mining, saying SA’s macroeconomic policies made it impossible to sustain jobs.  

This came after AGA announced its plans to retrench 8,500 of its workforce, presenting a further blow to the sector and contributing to what analysts have called a "jobs bloodbath".  Speaking at the Gordon Institute of Business Studies forum on ethical leadership on Tuesday night, Pityana said the situation in mining was complex and local conditions had not made it easier to continue with business as usual.  He also called on business to assess its role in how black professionals were being treated.

  • Read this report by Theto Mahlakoana in full at BusinessLive

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