Zimbabwe central banker stockpiles gold to bolster ZiG currency
The ZiG - short for Zimbabwe gold — is the nation’s sixth attempt at having a functioning local currency in the last 15 years.
South African trade union Solidarity said today that Lonmin would only retrench workers as a last resort.
General secretary Gideon du Plessis said, “Lonmin made it clear from the outset that it is not their intention to go through a wholesale job reduction process, but that they would review their operating model to optimize business processes and leverage synergies in the organization, that may result in job losses as a last resort.”
Du Plessis noted that the involved parties are all committed to finding alternatives to avoid retrenchment or to at least substantially minimize the number of workers that would be impacted.
Source (English): Independent Online via BrightWire News.
