SABC News - Business welcomes possibility of further labour law amendments:Monday 24 March 2014

Business welcomes possibility of further labour law amendments

Monday 24 March 2014 20:54

Liabo Setho

A government indaba is expected to address labour unrest in South Africa.

A government indaba is expected to address labour unrest in South Africa.(SABC)

Business says that it would welcome the possibility of further labour law amendments. Government wants to hold an Indaba in the second half of 2014 which could limit long and violent strikes.

Long winded strikes disrupt the economy. And the Government has submitted a proposal to business and labour representatives in National Economic Development and Labour Council to hold a "labour relations indaba".

This has the potential to address the labour ills that the country finds itself battling. Currently an end to a two-month long strike in the Platinum sector is nowhere in sight. Since the beginning of the strike, workers have lost R4.4 billion in earnings, while the companies have collectively lost R9.9 billion in revenue.

The indaba proposal is seen as an important move by government. In 2012, a wave of violent, wildcat strikes that erupted cost platinum and gold producers over R16 billion that year, and the current strike has hit about 40%  of global production of Platinum.

So far, no talks are scheduled between Amcu and the world's top platinum producers. The two sides remain divided on the issue of wages.

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