Today's Labour News

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rustenburgmunicipalitySABC News writes that according to the Rustenburg Chamber of Commerce, mass retrenchments on the platinum belt will cost the country’s economy more than one billion rand per month in the new year.  

It has warned that the imminent massive retrenchments will have far reaching consequences for the Rustenburg communities and the country at large.  Impala Platinum has announced that it will be retrenching more 13,500 employees, while Lonmin will be cutting more than 10,000 workers from its workforce.  A robust approach was needed urgently to avoid the economic meltdown of Rustenburg, warned the chairperson of the Rustenburg Chamber Of Commerce, Pieter Malan.  He observed:  “I think the important thing is everybody must realise there is no simple answers.  This is a highly complex problem we have to diversify our city economy away from mining.  We have to reinvent Rustenburg for the day after mining and we have to start that planning now.”  However, the Rustenburg local municipality is hopeful that things could improve, with new businesses and new investors being attracted.

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