Browsing All posts tagged under »gold«

Mining, job losses & the system

August 15, 2015

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Large scale redundancies in the South African mining sector, running to tens of thousands of jobs, are probably inevitable. But only because of the system in which we have to operate. Even in the gold sector, there will be mines and shafts that remain profitable without job losses, but each shaft and each mine will […]

No golden path to stability

January 7, 2012

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Ever since Europe slid into crisis there has been talk that gold might be a way out.  Why?  Because of gold reserves held by various central banks.  Italy, for example, could pay off a substantial part of its burdensome debt by unloading it gold stocks at current prices. And here is the rub:  at current […]

Aurora’s golden greed and liability hopes

December 2, 2011

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Arrogance, incompetence and greed may have demolished the protection of limited liability for the politically well connected directors of South Africa’s controversial Aurora Empowerment Systems. They may now have to pay out of their personal fortunes for the heavy debts and losses incurred in a controversial gold mining venture.

Acid water that tarnishes the glister of gold

July 24, 2011

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Gold mine ownership, especially in this day and age, is not for the faint hearted. Nor is it for those without deep pockets or without considerable expertise and experience. And gold remains, potentially, a very volatile commodity since it has little practical use outside of jewellery.

Why labour’s battle is far from over

December 5, 2010

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South Africa has a justly lauded Constitution and Bill of Rights. It also has some of the best labour laws anywhere. These are victories largely attributable to the labour movement, but they remain paper victories that have constantly to be fought for to ensure that they are applied.