Johannesburg - The calibre of the next incumbent of the mineral resources portfolio in cabinet would determine whether or not the strike in the platinum belt continued, an analyst said as the ANC continued to hold a firm grip on power.
“We must really wait for who is leading the Department of Mineral Resources. If Susan Shabangu [the minister] stays, then I don’t imagine there will be a big push to end it, but someone new – who knows,” Peter Attard Montalto, an emerging markets economist at Japanese investment bank Nomura, said on Friday.
Indications before the elections were that the gloves were coming off against the apolitical Association of Mineworkers and Construction Union (Amcu) as President Jacob Zuma gave the strongest sign of chagrin yet.
“I find there’s an irresponsibility element here. You can’t go on with a strike that at the end makes them lose their jobs. That is irresponsible.
“In any negotiations, you must be ready to give and take. You must be ready to compromise,” Zuma said last week.