2014 South African Platinum Strike
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2014 South African Platinum Strike
On 15 November 2014 workers at South Africa's major platinum producers – Anglo American Platinum, Impala Platinum, and Lonmin – went on strike demanding that wages be immediately doubled. However, after five months of striking they settled for a more modest pay increase spread over three years. It was the longest and most expensive strike in South African history. Background South Africa is home to 80% of the world's known platinum reserves, and produces about 70% of the world's supply. Platinum prices have been flat since 2009 or so, due to weak demand for catalytic converters, the primary use of platinum in industry. Meanwhile, other costs have risen, putting pressure on the mining industry. In 2013, roughly half of South Africa mining shafts operated at a net loss. The market is controlled primarily by three companies - Anglo American Platinum (Amplats), Impala Platinum (Implats), and Lonmin. Amplats is the world's largest producer of platinum. Workers are mostly ...
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Platinum
Platinum is a chemical element with the symbol Pt and atomic number 78. It is a dense, malleable, ductile, highly unreactive, precious, silverish-white transition metal. Its name originates from Spanish , a diminutive of "silver". Platinum is a member of the platinum group of elements and group 10 of the periodic table of elements. It has six naturally occurring isotopes. It is one of the rarer elements in Earth's crust, with an average abundance of approximately 5  μg/kg. It occurs in some nickel and copper ores along with some native deposits, mostly in South Africa, which accounts for ~80% of the world production. Because of its scarcity in Earth's crust, only a few hundred tonnes are produced annually, and given its important uses, it is highly valuable and is a major precious metal commodity. Platinum is one of the least reactive metals. It has remarkable resistance to corrosion, even at high temperatures, and is therefore considered a noble metal. Consequent ...
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BMO Capital Markets
BMO Capital Markets is the investment banking subsidiary of Canadian Bank of Montreal. The company offers corporate, institutional and government clients access to a range of financial services. These include equity and debt underwriting, corporate lending and project financing, merger and acquisitions advisory services, securitization, treasury management, market risk management, debt and equity research and institutional sales and trading. History 1912-1999 – Nesbitt Thomson A.J. Nesbitt of Montreal and P.A. Thomson of Hamilton, Ontario established Nesbitt Thomson in 1912. After World War II, Nesbitt Thomson expanded its operations to include chemicals, salt, steel, ships, farm machinery, retail stores, and a transcontinental natural gas pipeline. Burns Fry is created from the merger of Burns Bros. and Denton and Fry Mills Spence in 1976. In 1987 Bank of Montreal acquires Nesbitt Thomson. In 1994 Nesbitt Thomson and Burns Fry merge to form Nesbitt Burns. In 1999 the ...
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Labour Disputes In South Africa
Labour or labor may refer to: * Childbirth, the delivery of a baby * Labour (human activity), or work ** Manual labour, physical work ** Wage labour, a socioeconomic relationship between a worker and an employer ** Organized labour and the labour movement, consisting principally of labour unions ** The Labour Party (UK) Literature * ''Labor'' (journal), an American quarterly on the history of the labor movement * ''Labour/Le Travail'', an academic journal focusing on the Canadian labour movement * ''Labor'' (Tolstoy book) or ''The Triumph of the Farmer or Industry and Parasitism'' (1888) Places * La Labor, Honduras * Labor, Koper, Slovenia Other uses * ''Labor'' (album), a 2013 album by MEN * Labor (area), a Spanish customary unit * "Labor", an episode of TV series '' Superstore'' * Labour (constituency), a functional constituency in Hong Kong elections * Labors, fictional robots in ''Patlabor'' People with the surname * Earle Labor (born 1928), professor of American lite ...
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2014 In South Africa
Events in the year 2014 in South Africa. Incumbents *President – Jacob Zuma *Deputy President – Kgalema Motlanthe (until 26 May), Cyril Ramaphosa (starting 26 May) * Chief Justice – Mogoeng Mogoeng Cabinet The Cabinet, together with the President and the Deputy President, forms part of the Executive. National Assembly Provincial Premiers * Eastern Cape Province: Noxolo Kiviet (until 21 May), Phumulo Masualle (since 21 May) * Free State Province: Ace Magashule * Gauteng Province: Nomvula Mokonyane (until 21 May), David Makhura (since 21 May) * KwaZulu-Natal Province: Senzo Mchunu * Limpopo Province: Stanley Mathabatha * Mpumalanga Province: David Mabuza * North West Province: Thandi Modise (until 20 May), Supra Mahumapelo (since 20 May) * Northern Cape Province: Sylvia Lucas * Western Cape Province: Helen Zille Events ;January * 6 – Minister of Basic Education Angie Motshekga announces a record 78.2% national pass rate in the 2013 ma ...
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2014 Labor Disputes And Strikes
Fourteen or 14 may refer to: * 14 (number), the natural number following 13 and preceding 15 * one of the years 14 BC, AD 14, 1914, 2014 Music * 14th (band), a British electronic music duo * ''14'' (David Garrett album), 2013 *''14'', an unreleased album by Charli XCX * "14" (song), 2007, from ''Courage'' by Paula Cole Other uses * ''Fourteen'' (film), a 2019 American film directed by Dan Sallitt * ''Fourteen'' (play), a 1919 play by Alice Gerstenberg * ''Fourteen'' (manga), a 1990 manga series by Kazuo Umezu * ''14'' (novel), a 2013 science fiction novel by Peter Clines * ''The 14'', a 1973 British drama film directed by David Hemmings * Fourteen, West Virginia, United States, an unincorporated community * Lot Fourteen, redevelopment site in Adelaide, South Australia, previously occupied by the Royal Adelaide Hospital * "The Fourteen", a nickname for NASA Astronaut Group 3 * Fourteen Words, a phrase used by white supremacists and Nazis See also * 1/4 (other) ...
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Business Day (South Africa)
''Business Day'' is a national daily newspaper in South Africa, published weekdays (Monday to Friday) and also available as an e-paper. Based in Parktown, Johannesburg, it is edited by Alexander Parker and published by Arena Holdings, which is also the parent company of the ''Financial Mail'' magazine and Business Day TV (formerly known as Summit TV). The newspaper, launched on 1 May 1985, covers all major national and international news, with a specific focus on the South African economy and business sector, companies and financial markets. It also contains an influential opinion section with several popular columnists, along with coverage of sport, travel, books, arts and entertainment. ''Business Day'' has its digital identity on BusinessLIVE. It also has apps for the iPhone and iPad, Android devices and Huawei devices. Supplements *Motor News (Thursdays) *Home Front (Once a month) * Investors Monthly (Once a month) *Sport (Once a month) *Wanted (Once a month) Distributi ...
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Apartheid
Apartheid (, especially South African English: , ; , "aparthood") was a system of institutionalised racial segregation that existed in South Africa and South West Africa (now Namibia) from 1948 to the early 1990s. Apartheid was characterised by an authoritarian political culture based on ''baasskap'' (boss-hood or boss-ship), which ensured that South Africa was dominated politically, socially, and economically by the nation's minority white population. According to this system of social stratification, white citizens had the highest status, followed by Indians and Coloureds, then black Africans. The economic legacy and social effects of apartheid continue to the present day. Broadly speaking, apartheid was delineated into ''petty apartheid'', which entailed the segregation of public facilities and social events, and ''grand apartheid'', which dictated housing and employment opportunities by race. The first apartheid law was the Prohibition of Mixed Marriages ...
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African National Congress
The African National Congress (ANC) is a Social democracy, social-democratic political party in Republic of South Africa, South Africa. A liberation movement known for its opposition to apartheid, it has governed the country since 1994, when the 1994 South African general election, first post-apartheid election installed Nelson Mandela as President of South Africa. Cyril Ramaphosa, the incumbent national President, has served as President of the ANC since 18 December 2017. Founded on 8 January 1912 in Bloemfontein as the South African Native National Congress (SANNC), the organisation was formed to agitate, by moderate methods, for the rights of black South Africans. When the National Party (South Africa), National Party government came to power 1948 South African general election, in 1948, the ANC's central purpose became to oppose the new government's policy of institutionalised apartheid. To this end, its methods and means of organisation shifted; its adoption of the techn ...
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The Guardian
''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Guardian Media Group, owned by the Scott Trust. The trust was created in 1936 to "secure the financial and editorial independence of ''The Guardian'' in perpetuity and to safeguard the journalistic freedom and liberal values of ''The Guardian'' free from commercial or political interference". The trust was converted into a limited company in 2008, with a constitution written so as to maintain for ''The Guardian'' the same protections as were built into the structure of the Scott Trust by its creators. Profits are reinvested in journalism rather than distributed to owners or shareholders. It is considered a newspaper of record in the UK. The editor-in-chief Katharine Viner succeeded Alan Rusbridger in 2015. Since 2018, the paper's main news ...
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Gift of the Givers (founded as ''Waqful Waqifin'') is a South African non-governmental organisation and disaster relief group, and Africa's largest independent humanitarian organisation. It was established to offer disaster relief and response, together with other humanitarian work, with the aim to reach people worldwide. The organisation’s profile in South Africa grew during the 2010s and 2020s, due to challenges faced by the government in delivering services, including disaster relief. Humanitarian efforts Gift of the Givers has worked in many parts of world, including Gaza City, Bosnia, Somalia, Haiti and Zimbabwe. During the aftermath of the 2010 Haiti earthquake the organisation sent four rescue teams and aid materials to the country. Accessed 1 November 2017 They provided in 2011 food aid to Somalia, by airlifting 180 tons and shipping 2000 tons of aid.Interview cited in Through Gift of the Givers, South African medics and volunteers have been assisting people during the ...
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Standard & Poor's
S&P Global Ratings (previously Standard & Poor's and informally known as S&P) is an American credit rating agency (CRA) and a division of S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. S&P is considered the largest of the Big Three credit-rating agencies, which also include Moody's Investors Service and Fitch Ratings. Its head office is located on 55 Water Street in Lower Manhattan, New York City. History The company traces its history back to 1860, with the publication by Henry Varnum Poor of ''History of Railroads and Canals in the United States''. This book compiled comprehensive information about the financial and operational state of U.S. railroad companies. In 1868, Henry Varnum Poor established H.V. and H.W. Poor Co. with his son, Henry William Poor, and published two annually updated hardback guidebooks, ''Poor's Manual of the Railroads of the United States'' and ''Poor's Directory of Railway Officials''. In 1906, Lu ...
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