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South Africa’s mining firm, Sibanye-Stillwater, finally agrees wage demands from workers’ union

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After months of industrial engagement, South Africa’s mining firm, Sibanye-Stillwater has agreed on a renumeration increase with the mining workers union.

Sibanye-Stillwater reached an agreement with both the National Union of Mineworkers (NUM) and the United Association of South Africa (UASA) on wages and benefits at its platinum group metal operations.

According to a statement by Sibanye, “the company has presented an inflation-linked, five-year offer comprising fixed average annual wage increases of 6% and above for bargaining unit employees for a three-year period, followed by CPI-linked agreements in years 4 and 5, as well as notable increases in benefits.”

A BBC report says some 80,000 gold miners in South Africa went on a strike to call for higher pay, but their union has significantly scaled down its demands. The National Union of Mineworkers (NUM) is calling for a 10% wage rise, down from earlier demands for increases of up to 60% for some workers.

Trade unions are recognized within the 1996 Constitution of South Africa, which provides for the right to join trade unions, and for unions to collectively bargain and strike.

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African leaders want more efforts to promote regional industrilisation

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Leaders across the continent of Africa at a recent meeting in Niger’s capital Niamey have called for a doubling of efforts to promote industrialization in the region.

The call came during an Extraordinary Summit on Industrialization and Economic Diversification in the Central African country.

Some of the leaders present were, Nigeria’s Muhammadu Buhari, Rwanda’s Paul Kagame, and Zimbabwe’s Emmerson Mnangagwa.

The leaders noted sectors critical to industrialisation like agriculture, agro-industry, health, education, infrastructure, and especially energy, and urged increased private sector participation in the space.

The summit later held a discussion on trade with a focus on the African Continental Free Trade Area (AfCFTA).

Africa is the world’s least industrialized, the continent commemorates Africa Industrialization Day every November.

The African Development Bank Group, in its November 2022 index posits that industrialisation is central to Africa’s development prospects. With its young labour force, abundant natural resources, and fast-growing internal markets. Africa has the potential to become the next global frontier for industrial development.

 

 

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Ivory Coast aims regional shipping hub, completes $953 million container terminal

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West African country, Ivory Coast is making waves at becoming a regional shipping hub as it has completed construction of a second container terminal at its main port in Abidjan.

The project, financed by China’s Eximbank by 85% and 15% by the Ivorian state costs about 596 billion CFA francs ($953 million).

The new container terminal, called Cote d’Ivoire Terminal (CIT), started operations on Nov. 1 but was officially unveiled at a press conference on Friday. It is able to receive large ships from Asia, Europe, and America that previously had to land goods in South Africa, transferring them to smaller ships to reach West Africa.

The technical director of the terminal Andre N’Doli, remarked “we are no longer a second port. We are becoming a hub,”

“In addition to national traffic, we will handle traffic from other ports that cannot accommodate large vessels,” he told reporters.

According to official data, there has been growth in recent years in the country’s maritime sector. Ivory Coast shipped goods worth USD 12,717 million in 2019, an -8.5% dip as compared to the previous year.

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