Sibanye CEO on the fraying social contract
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Some inside government still hold a mistaken and openly hostile view of the mining industry due to the legacy of things like migrant labour and the old extractive pit to port nature of mining houses under Apartheid.
But the fact is, that the industry has, in large parts, completely transformed into one that adds value over and above the obvious taxes and royalties that help fund governments social programmes and balance South Africa’s trade balance. The industry now contributes to things like healthcare and education and even infrastructure that really should be the domain of governments but the breakdown in local government in particular has meant that mining firms have had to step into the breach to assist their communities.
This was in evidence when Dual-listed Sibanye-Stillwater committed to invest a further R33-million in tertiary education aimed at bolstering mining research and development in South Africa.
The gold and platinum miner has extended and increased its existing partnerships with the University of Johannesburg (UJ) and University of the Witwatersrand (Wits) by a further three years, with each institution receiving R16.5-million.
Sibanye-Stillwater CEO Neal Froneman, sits down with Michael Avery to talk about the importance of renewing the social contract between mining forms and government.
But the fact is, that the industry has, in large parts, completely transformed into one that adds value over and above the obvious taxes and royalties that help fund governments social programmes and balance South Africa’s trade balance. The industry now contributes to things like healthcare and education and even infrastructure that really should be the domain of governments but the breakdown in local government in particular has meant that mining firms have had to step into the breach to assist their communities.
This was in evidence when Dual-listed Sibanye-Stillwater committed to invest a further R33-million in tertiary education aimed at bolstering mining research and development in South Africa.
The gold and platinum miner has extended and increased its existing partnerships with the University of Johannesburg (UJ) and University of the Witwatersrand (Wits) by a further three years, with each institution receiving R16.5-million.
Sibanye-Stillwater CEO Neal Froneman, sits down with Michael Avery to talk about the importance of renewing the social contract between mining forms and government.