Sibanye-Stillwater top-brass donate third of pay to Solidarity Covid-19 fund

According to Mining News Pro - This decision, Sibanye-Stillwater explained in a media release to Mining Weekly, followed last week’s commitment by the President of the Republic of South Africa Cyril Ramaphosa, Deputy President David Mabuza, Cabinet Ministers and Deputy Ministers to donate a third of their salaries, for the next three months, to the Solidarity fund.

Sibanye-Stillwater, which employs more than 80 000 people in South Africa, is also a significant employer in the United States and in Southern Africa, where it also supports local communities and local businesses.

The board and executive management of the Johannesburg- and New York-listed company, headed by CEO Neal Froneman, made the statement in solidarity with their employees and other South Africans to heed plea for additional support in the national fight against Covid-19.

On March 23, President Ramaphosa announced a 21-day nationwide lockdown in response to the escalating Covid-19 crisis, which has since been extended by a further two-week period to the end of April.

After placing of its South African gold and platinum group metals (PGMs) operations on care and maintenance in compliance with the lockdown, Sibanye-Stillwater has subsequently obtained approval for limited mining and processing to resume txomorrow at its South African operations, subject to the implementation of agreed protocols to address Covid-19 related health and safety risks.

At its PGM operations in the United States, nonessential growth capital expenditure has also been deferred in order to reduce personnel numbers in compliance with local health and safety requirements.

The Solidarity fund, the release stated, aimed to prevent the spread of the disease in South Africa by supporting measures to “flatten the curve” and lower infection rates.

Fund activities would be reported in a transparent manner and the fund’s administration was being done by professional managers and private-sector organisations under fund chairperson Gloria Serobe, who had been appointed by President Ramaphosa.