Platinum set to become reserve bank asset in new job saving plan
26 August 2015 - 13:27
South Africa's mining industry, unions and the government have committed to a broad plan to stem job losses, including boosting platinum by promoting the metal as a central bank reserve asset, according to a draft agreement seen by Reuters. The parties also said they would also strive to delay lay-offs, sell distressed mining assets instead of closing them, and look at ways of streamlining the legal process which employers must follow to cut jobs.The agreement is expected to be signed on Monday...
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