Eskom price hike to cost South Africa 90,000 mining jobs: mines council
In South Africa, the power utility, Eskom, has increased electricity prices immensely. As a result, the operating costs of gold and platinum mines are increasing- which is projected to result in nearly 90,000 jobs being lost over the next three years. In Africa’s industrialized economy, nearly a quarter of the labor force is unemployed. As a result, job losses are highly politicized- especially in an industry like mining that has been struggling over the past decade.
See "Eskom price hike to cost South Africa 90,000 mining jobs: mines council", Nailed Mashishi & Onke Ngcuka, Reuters, March 25, 2019