This news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.
Bloomberg reports that there are plans to reform how local communities manage and spend mining royalties after a corruption probe found that a $44 million fund bankrolled by Lonmin Plc had been exhausted.
Almost all the money received by the Bapo Ba Mogale community during the past 20 years has been spent, with the biggest amount used to build a R80-million palace for a tribal leader, Public Protector Thuli Madonsela reported on 5 July. “We need to develop a policy mechanism that can prevent it from recurring anywhere else whilst also dealing with the remedies of what has happened with the Bapo,” Obed Bapela, deputy minister at the Ministry of Cooperative Governance and Traditional Affairs, said. Mining companies are required by law to help improve the living conditions of local communities. Some companies sell or finance equity stakes to black investors and can also pay royalties to community groups. Lonmin spokesperson Sue Vey said: “It’s not a Lonmin problem that the money has been squandered.” The company welcomed the investigations.
- Read this report by Mining Weekly
- Read too, Sparks fly over Lonmin’s BEE deal, at Business Report
Get other news reports at the SA Labour News home page