South Africa coal giants consider job cuts due to ‘dire’ Transnet rail woes
Glencore Plc and Seriti Resources Holdings Ltd. are contemplating significant job cuts in South Africa due to challenges caused by Transnet SOC Ltd.
Glencore Plc and Seriti Resources Holdings Ltd. are contemplating significant job cuts in South Africa due to challenges caused by Transnet SOC Ltd.
“This is a corrupt deal because the investors in Seriti are Batho Batho Trust and Thebe Investment, both investment arms of the ANC,” said Ted Blom.
Anglo American agreed to sell a group of SA coal mines to black-controlled Seriti Resources Holdings for about R2.3bn as it focuses on other commodities.