Can AMCU members live on R42 each?

AMCU has reportedly said today that it has injected about R1m cash into the strike fund set up for its 25 000 members who have been on strike at Implats, Lonmin and Amplats for almost three months to date.

Amcu President Joseph Mathunjwa said the union had donated R1m to the Amcu Strike Fund account opened on Monday while a sum of R50, 000 was donated by union officials and staff members.

Assuming the report is true, and taking into account the total amount in the trust account, R1,050,000 – this means each member would get R42 when the total amount is divided among the 25 000 members of the union on strike at the three mining companies. Mathunjwa is further quoted, saying overseas donors were willing to “throw in thousands of dollars”.

For quite some time now there have seen several unconfirmed reports doing the rounds that some Chinese invested eying the platinum sectors will be funding the prolonged strike however long it takes. As indicated, these are just unconfirmed rumours.

However, should these reports appear to be true later that some Chinese investors are interested in the South African platinum sector – many have questioned this especially given China and its historical records of human rights and other workplace rights. Importantly, this is given South African’s regulated mining sectors regarding safety, labour relations, employment equity laws and regulations, etc.

But as for the R42 for each person – for how long?

We wait and see….

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