Business In The News South Africa

Sibanye to begin consultations on possible retrenchment of 6,670 workers

JOHANNESBURG, February 14  – Sibanye-Stillwater said on Thursday that it would begin consultations with relevant stakeholders in terms of Section 189A of the Labour Relations Act regarding the possible restructuring of its gold operations which might affect more than 6,000 workers. The diversified miner said the restructuring process was as a result of ongoing financial losses experienced […]

Business In The News South Africa

SA turning things around after ‘decade of stagnation and paralysis’

DAVOS-KLOSTERS, SWITZERLAND, January 23  – President Cyril Ramaphosa on Wednesday, said that after almost a decade of “economic stagnation and political paralysis”, South Africa has begun to turn things around. “We have entered a new period of hope and renewal, and over the last year we have taken decisive steps to correct the mistakes of the […]

Business Lead South Africa

WEF 2019 – State capture commission will not be collapsed, says Ramaphosa

DAVOS-KLOSTERS, SWITZERLAND, January 23  – Government will not allow anyone to collapse the commission of inquiry into state capture, President Cyril Ramaphosa said on Wednesday. Addressing a media briefing at the World Economic Forum in Davos, Switzerland, Ramaphosa said revelations at the commission, which has implicated several cabinet ministers, top politicians and senior state officials, […]