SA can't stand to see more mines close: expert

More than 5,000 mineworkers will lose their jobs in Marikana in the North West. Sibanye-Stillwater announced it planned to resume retrenchments after a moratorium on job cuts ends in December. Courtesy of #DSTV403

MARIKANA - More than 5,000 mineworkers will lose their jobs in Marikana in the North-West.

Sibanye-Stillwater announced it planned to resume retrenchments after a moratorium on job cuts ends in December.

READ: Eskom price hike to cost SA 90000 mining jobs - mines council

Mining analyst Peter Major said the move is necessary to improve the mining business.

Major asserted, "this country can't stand to lose thousands of jobs but this country can't stand to see any more mines close."

He stated the decision was made when metal prices were lower and said Eskom has a role to play in the situation.

Source
eNCA