5 Mar 2013

Mining

 



The taxman cometh

Of course, the big news over the past few days has been Pravin Gordhan's budget speech, which has been dissected and analysed, as usual. Not least of these analyses is that by Nedbank Private Wealth, which provided its observations on the 2013-14 Budget Speech.

Gordhan's budget, as usual, was somewhat of a balancing act, but what taxpayers everywhere would like to see is action, not just words, on corruption, mismanagement and waste. After all, we all realise we have to pay taxes, but we want to see our tax monies being used where it matters - and properly, across the board.

Our planet is our only home, so we'd better do better in looking after it. One way of doing so is through protecting and nurturing biodiversity, which, says minister of water and environmental affairs, Edna Molewa, contributes to economy - she says the benefits derived from biodiversity or ecosystem services are estimated at R73bn, contributing to 7% of South Africa's GDP per annum.

We've heard it all before... this plan and that plan to create jobs - or "job opportunities" - and this time it's the KwaZulu-Natal provincial government that says it will assist in creating 11m jobs by 2030.

Job creation is absolutely vital for the future of this country; some fear the levels of frustration and despair among the unemployed could rise to such levels as to lead to civil unrest. Hence, any plan to create jobs is to be welcomed... but how many have there been, and what successes have they achieved? Governments - provincial and national, need to be wary of over-promising and under-delivering.

Is it the end of the land line? Mitchell Barker says that landline users in South Africa are cutting the cord.

Finally, our not so frugal, but fast and fancy motoring editor Henrie Geyser reckons that the new Ford Fiesta is just that... frugal, fast, fancy.

Rod Baker: Content Director

Submit your company news to miningnews@bizcommunity.com. Exclusive contributions may be sent to contributors-mining@bizcommunity.com.

Top stories


Editorial news

Mining

FlowCentric-powered Rokman set to change the way mines drive productivity
[Jacques Wessels] FlowCentric Business Process Management (BPM) technology, innovatively packaged into a complete, ground-breaking solution for the mining industry by Ability Solutions, is changing the way in which mining companies manage compliance with SHEQ, guide workflow and enhance productivity. Read more >>


Mines

One-in-three workers are union members
A third of all workers in the formal‚ non-agricultural sector in South Africa are members of trade unions‚ the SA Institute of Race Relations (SAIRR) said on Monday (4 March). Read more >>

Taung Gold dispute still unresolved
Taung Gold International is tight-lipped about a lengthy dispute with its SA shareholders, which has led to the Hong Kong-listed company's shares being suspended from trade since June. Read more >>

Mining companies reject Cosatu claims
Impala Platinum (Implats) rejected allegations by the Congress of SA Trade Unions (Cosatu) on Thursday (28 February) that it was manipulating union membership verification processes to benefit Association of Mineworkers and Construction Union (Amcu). Read more >>

Lonmin: 150 management jobs may go
Lonmin said on Thursday (28 February) that about 150 positions - all of them in management levels - are likely to be imposed as part of the review of the platinum miner's operating model and management structure. Read more >>

Derailment suspends Maputo coal exports
Coal of Africa said on Thursday (28 February) that it had been advised by Transnet Freight Rail (TFR) of a derailment of 10 wagons on the Maputo (Matola) rail corridor last week that led to all rail traffic between Komatipoort and Maputo being suspended. Read more >>

ARM sales growth reduces impact of drop in iron ore prices
JOHANNESBURG: Diversified miner African Rainbow Minerals (ARM) has revealed a 30% drop in headline earnings to R1.41 billion, with headline earnings per share falling to 654 cents, in the six months ended 31 December 2012. Read more >>

ARM looking to buy distressed mines
[Allan Seccombe] African Rainbow Minerals (ARM) is looking for opportunities in distressed mineral sectors such as platinum‚ while also casting an eye over the South African manganese mining business for growth. Read more >>

Carbon tax may hurt heavy industries
[Edward West] The introduction of a carbon tax is likely to have a great effect on the cost structures of South Africa's heavy industries‚ say analysts. Read more >>

GDP growth up in final quarter of 2012
Economic growth quickened more than expected in the last quarter of 2012‚ as agriculture and manufacturing industries supported growth while mining was a drag‚ Statistics SA figures released on Tuesday (26 February) showed. Read more >>


All industry news

Marketing & Media


Medical


Retail


Government


CSI


Finance & Insurance


Agriculture, Horticulture & Forestry


Arts & Entertainment


Building & Construction


Environment & Conservation


Human Resources & Recruitment


Legal


Manufacturing


Property & Real Estate


Security & Military


Education & Training


Tourism, Travel & Hospitality


IT & Telecommunications


Maritime & Fishing


Sport


Logistics


Science & Technology


Lifestyle


Automotive


Print - Print any item in this newsletter.
Email - Email any item in this newsletter.
Comment - Comment on any item in this newsletter.


Today's weather

Cpt

28°C
15°C
Jhb

29°C
14°C
PE

28°C
18°C
Dur

31°C
21°C
Bloem

34°C
16°C

Click here to customise weather


2013 Biz Trends Report


93 pages
49 contributors
41 contributions

New people on biz

Dudley Cloete
Ass Accountant at Northam Platinum Ltd
Thabang Mogashoa
Junior Electrician at Tshwane South College workshop
Alubani Sibanda
Director: Stanbic IBTC Bank Plc
Robert Thomson
Hello

Industry sectors



Follow us

       
Press releases: Distribute your news professionally to over 170 000 subscribers across various industries. Read more about our press offices.

Editorial: We welcome your news, views and comments! Email press releases, invitations, interview requests, and proposals to miningnews@bizcommunity.com and exclusive opinion pieces to contributors-mining@bizcommunity.com.

Advertising: We welcome your sales enquiries! Email sales@bizcommunity.com and read more about our advertising rates.

Location: Cape Town (head office): tel +27 (0)21 680 3500 | 24 On Main, Main Street, Rosebank, Cape Town, 7700, South Africa. Johannesburg: tel +27 (0)11 612 3003 | Sutton Square, The Business Centre, 8 Gemsbok Road, corner 12th Avenue, Rivonia, Gauteng.

Subscribe/unsubscribe: Invite your friends, colleagues, suppliers, customers and partners to subscribe!


© 2013 Bizcommunity.com. All rights reserved.
Bizcommunity.com, its sponsors, contributors and advertisers disclaim all liability for any loss, damage, injury or expense that might arise from the use of, or reliance upon, the services contained herein.

Unsubscribe, Manage subscriptions. Subscribe. Change email address. Change frequency to DAILY.