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SA Mining Industry on the Edge: 7,000 Jobs Lost...
30 Sep, 2024 11:12 49 min read
The South African mining industry faced significant challenges in the second quarter of 2024, with 6,926 job losses, driven by falling Platinum Group Metal prices, rising operational costs, and logistical issues. This brings the total job cuts to 9,622 in the first half of 2024. The mining sector's decline impacts the national economy, with calls for regulatory changes and support to stabilize the industry and protect jobs. Despite the challenges, there is hope for recovery through technological innovation and government intervention.... More