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Foreign investors still interested in SA mining sector

14th June 2013

  

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Foreign investors were still interested in South Africa’s mining sector, Mineral Resources Deputy Minister Godfrey Oliphant said last week, adding that a number of projects were shovel ready in the platinum, zinc and other sectors.

Answering questions from MPs in the National Assembly on how government was dealing with strikes in the mining sector, Oliphant said the Department Mineral Resources’ platinum task team had been in talks with trade unions and mines to ensure that jobs were saved in the platinum sector, which has been hit by strikes since last year.

This follows Mineral Resources Minister Susan Shabangu’s announcement last month in her Budget Vote speech that her department would develop a rescue plan for the gold and platinum sectors through its Mining Growth, Development, and Employment Task Team (Migdett), which was set up in 2008.

Ahead of upcoming wage negotiations, Oliphant said the National Union of Mineworkers had invited the Chamber of Mines to a prebargaining session in an attempt to ensure a peaceful wage nego- tiation period.

Meanwhile, Agriculture, Forestry and Fisheries Minister Tina Joemat-Pettersson told MPs in the National Assembly that her department was keen to implement collective bargaining in the agriculture sector and added that a number of farm associations had welcomed the idea.

Labour Minister Mildred Oliphant said farmers who applied for exemption and were not granted exemption would have to pay workers the difference in wages between the present dispensation of R105 and what they had been paying them up to then.

Oliphant said, so far, 418 applications for exemption had been refused exemption, while 86 exemptions had been granted and 585 applications had been referred back to farmers as they had not submitted supporting documents.

She said those that had been granted exemptions had been able to sign agreements with their workers specifying the wage agreed to and when this wage would be reviewed again by the farmer.

The department, she said, had not as yet calculated the expected job losses arising from the increased farmworkers’ wage but pointed out that farmers could access the training lay-off scheme through the Commission for Conciliation, Mediation and Arbitration (CCMA).

Rural Development and Land Reform Minister Gugile Nkwinti said the construction of a bridge over the Mbhashe river, in the Eastern Cape, which was completed recently, would cut the commuting time between Duytwa and Mvezo by 30 minutes and reduce the cost of the journey from R57 to R30.

Commenting on the perception that South Africa had some of the highest port charges in the world, Public Enterprises Minister Malusi Gigaba told Parliament that not all the country’s port rates were high.

Gigaba pointed out that South Africa’s rate at local ports for coal exports fell 17% below that of the global trend.

He said, however, that the country had high charges related to the receiving and sending of containerised goods and added that the Ports Regulator and Transnet were addressing this.

The main challenge was that South African ports, unlike the ports of competitor nations, did not receive injections from the fiscus, said Gigaba, adding that he welcomed suggestions on tackling funding constraints. – Bua News

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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