Today's Labour News

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cutifani thumb100 Mining Weekly reports that Anglo American CEO Mark Cutifani has warned that, without change, the South African mining industry would lose another 100 000 jobs.  

Six years ago he accurately predicted the recent 100,000 job demise in SA mining.  “I'll say it again, absent of change, we’ll lose another 100,000 jobs,” the outspoken Australian forecast once more, while calculating that for every 100,000 jobs lost, one million people would be adversely affected.  In a year-end address to journalists, he outlined that SA’s future did “not bear thinking about” if the country could not put its 27% unemployed citizens to work.  Cutifani indicated that the company was committed to working with union leaders, nongovernmental organisations and faith-based leaders and "would not be silent", but would “argue our position on policy with great passion.”  He added that what was absolutely crucial was the introduction of a policy framework that encouraged investment as well as a clear understanding that SA did not have the cash or the resources to build the mining industry from its current positioning.  Some appeared not to understand that foreign direct investment was absolutely essential for the creation new mines, more jobs, infrastructure and economic growth, Cutifani stated.

Read this report in full at Mining Weekly


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