ROB ROSE: SA is at the tipping point, the government needs to find its spine
SA’s largest private sector employer says now is the time for the government to stand up to unions — if it has the courage to save the country, that is
Eighteen rands to the dollar. That’s Neal Froneman’s prediction for where the rand will be in a year’s time, partly because President Cyril Ramaphosa is frozen in the headlights. Of course, if the rand falls from its current R14.79 to R18, it’ll be mighty helpful to Froneman. He is, after all, CEO of Sibanye-Stillwater, created in February 2013 when Gold Fields spun out three soon-to-be-depleted gold mines.
Froneman, known in banking circles as "Neal the deal" and once described as "clever, ruthless and lucky" by veteran mining journalist David McKay, was never going to settle for quietly shepherding a mine towards its sunset...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.