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I was quite impressed with the website set up by the Platinum mining companies, and which can be found at www.platinumwagenegotiations.co.za. The site has lots of facts and figures, as well as various PDF’s with information for the employees of the various mines. It also has a rather impressive figure indicating the financial impact of the strike, since the beginning of the strike. It gives a constantly updated figure for employees’ earnings lost which are approaching R10 billion and the company’s revenues lost which are over R22 billion. Of course there are many other losers in this, including all of the businesses in the area who make money from the mines and miners, the government in terms of lost tax and all of us in terms of a weakening currency which then feeds through into the petrol price which then feeds through into inflation and the price we pay for food and everything else.
Posted by Michael de Broglio on Monday 16-Jun-14
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Comments
Thabitha said:
on Friday 20-Jun-14 08:11 AM
I wonder when is this strike going to be over because people are been killed the country is going down the prices are going up each and every day and there is no solution to solve this, the union must leave the once who wants to work to go back to their duties.
Cindy said:
on Thursday 19-Jun-14 01:44 PM
If only it could be easy to get rid of those who do not want to work and employ new ones... And what is worse is the people getting killed because they want to work or 5 families moving in with each other because they cant afford to pay rent any more. I feel so sorry for them. I also think government should step in and really do something.
Sinead said:
on Thursday 19-Jun-14 12:16 PM
I agree with Monique... This striking business is really unbelievable
Nicky said:
on Friday 13-Jun-14 04:47 PM
I agree that the effects of the strike are far-reaching. Striking employees and their families are affected; employers and suatainabilty are affected; the employees that want to return to work are affected and some killed. This strike scares investors off as well, especially because its the longest strike in SA and in one of the biggest sectors in SA. Let's just hope that all parties will be able to reach a compromise and bring the strike and all its consequences to an end.
Angelique said:
on Friday 13-Jun-14 03:20 PM
Everyone in this country at some point will feel the effect.Things like salary increases are easier if the economy is growing. News flash capital flow not balancing will put pressure on our already pathetic rand which leads to inflation which affects all us citizens. So thank you for allowing this strike to go on for so long. We all suffer! I say employ the people who want the jobs, if you want more money - get a new job, get a bursary/try and study. Use all that energy and try get money out of the government to pay for your studies ok!
Alexis said:
on Friday 13-Jun-14 03:11 PM
Remember watching Carte Blanche - they cannot up their salaries to what they want - which is not a lot yet the MD or whomever gets paid an average of R7mil a year or something ridiculous like that - . A street sweeper in Canada will earn more than a Miner in SA - but yeah - the consequences are great and we all suffer - and as said by Bianca - the damage has already been done
Monique said:
on Friday 13-Jun-14 03:06 PM
It is absolutely shocking. There are so many people in SA who do not have jobs, yet the ones that do, insist on striking! Why cant they just be happy they have a job and work! The strike is negatively influencing so many things. I was talking to a gentlemen the other day who is sub-contacted by a mining company, and he was informing me that he has not been to work for weeks and weeks. His whole family is taking strain, and it is too much of a risk to go to work. Argh!
Sorea said:
on Friday 13-Jun-14 02:21 PM
You know the strike has been going on too long when the revenue lost as a result thereof has a direct impact on the economy of the country. I suspect the strike will continue a little longer as one of the issues they are arguing about right now is that the mines are not allowed to retrench any workers after the strike ends. At the end of the day the legislation is woefully inadequate to deal with this situation. It is not economically viable, for either industry or worker, to go on protracted strikes like these.
salomie said:
on Friday 13-Jun-14 02:11 PM
I don't think people really understand the costs involved in a strike. the general public will pick up the costs. As you said it effects the petrol price, inflation rates and food prices. Nothing is gained by a strike, there are so many workable hours lost and the work still has to be done after the strike has ended.
Lucretia said:
on Friday 13-Jun-14 01:28 PM
I am beginning to wonder why government does not step in. People have the right to strike, but they also have the right to work. If you want to strike and have money docked off your salary, that is your prerogative. But those who want to continue working and keep the economy going should be allowed too. This there might be a win-win situation. With the cost lost to the mines, there will be retrenchments which means people who were earning "meagre" salaries will now not be earning salaries at all. No wonder our country was downgraded today.
Bianca R said:
on Friday 13-Jun-14 12:36 PM
I was listening to the money minute this morning on the radio and the specialist was advising that although the strike looks to be at an end, the damage to the industry is already done and it will certainly take a long time before the industry recovers.
Johannesburg based attorney specializing in personal injury matters including Road Accident Fund claims and medical negligence matters. My interests include golf, reading and the internet and the way it is constantly developing. I have a passion for life and a desire for less stress!
