Cyril Ramaphosa News
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South Africa’s National Union of Mineworkers allowed a powerful rival to emerge and end its dominance by arrogantly disregarding a small group of defectors 15 years ago, said James Motlatsi, the NUM’s first president.
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Thousands of Lonmin Plc workers sat in the sun and listened to Joseph Mathunjwa, leader of the most popular union in South Africa’s platinum-mining belt, tell them he wasn’t afraid to die in the fight for their rights.
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Phuthuma Nhleko increased MTN Group Ltd.’s subscribers almost 30-fold during his near-nine year tenure as chief executive officer and pushed the African wireless carrier into countries such as Iran and Syria. As he becomes chairman today, one nation lingers in his mind: India.
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MTN Group Ltd., Africa’s largest wireless carrier, is exploring a potential acquisition in India, five years after it first tried to strike a deal with an Indian company, according to four people familiar with the matter.
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The rand weakened to a four-year low against the dollar, extending its longest losing streak in a year on concern that renewed labor unrest and falling commodity prices will weigh on South Africa’s economy.
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Anglo American Platinum Ltd. said its mines are running as usual after a group of workers threatened to strike if the world’s biggest producer of the metal refuses to drop proposals to cut as many as 6,000 jobs.
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The National Union of Mineworkers, an ally of South Africa’s ruling African National Congress, said it will ask for a double-digit increase in pay when negotiating with the Chamber of Mines in May.
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South African mining companies that employ the National Union of Mineworkers’ two top leaders should no longer have to pay their union-related salaries, the Chamber of Mines said.
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South Africa named MTN Group Ltd. Chairman Cyril Ramaphosa as deputy head of the country’s National Planning Commission, marking the former presidential candidate’s first position in government.
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President Jacob Zuma won overwhelming support for a second term as leader of South Africa’s ruling African National Congress, while tycoon Cyril Ramaphosa is the frontrunner to become his deputy, party nomination results show.
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