SA gold producers to build more homes

[miningmx.com] – SOUTH African gold miners plan to sell and build more houses to sell to employees in an effort to ease the social pressure that led to the Marikana massacre in 2012, said Bloomberg News.

“If we address the social issues that led to Marikana, then there should be less reason for pressure from employees and less reason to go on strike,’ said James Wellsted, a spokesman for Sibanye, the country’s biggest gold producer.

The companies have spent 1.5bn rand on upgrading single-sex hostels to family units and building houses since 2004, the said.

They now plan to build affordable homes in towns near their operations to sell to employees. They will explore cheap financing options to help curb costs.

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