Intensive Energy Users confirm crippling electricity prices as labour warns of job losses

INTENSIVE Energy Users have released a stark warning regarding the ongoing challenges posed by remarkably high electricity prices in South Africa.

- BANELE GININDZA

This comes alongside alarming revelations from the National Union of Mineworkers (NUM), which has echoed concerns over reported potential retrenchments by major players Glencore and Samancor.

These anticipated job losses at South African ferrochrome operations are attributed largely to economic strains, particularly escalating electricity tariffs and a downturn in ferrochrome prices.

NUM chief negotiator Lefty Mashego expressed profound concern over unofficial hints from management at both companies during ongoing negotiations.

"The NUM urges these companies to reconsider their commitment to South Africa. Should they decide they are no longer able to operate, we call on them to surrender their mining and operating licenses," Mashego said.