{"id":59837,"date":"2024-01-19T16:47:46","date_gmt":"2024-01-19T16:47:46","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/jobs-bloodbath-warning-for-south-africa-10000-positions-on-the-line"},"modified":"2024-01-19T17:18:39","modified_gmt":"2024-01-19T17:18:39","slug":"jobs-bloodbath-warning-for-south-africa-10000-positions-on-the-line","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/jobs-bloodbath-warning-for-south-africa-10000-positions-on-the-line","title":{"rendered":"Jobs bloodbath warning for South Africa \u2013 10,000 positions on the line"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>Coal in South Africa, which has the largest proven reserves of the fuel on the continent, is at risk of becoming stranded following a plunge in prices and the collapse of the nation\u2019s rail network \u2013 threatening widescale job cuts across the industry.<\/p>\n

Prices for the dirtiest fossil fuel have slumped about 70% after reaching a record in 2022. A train collision this week all but stopped supplies to the Richards Bay Coal Terminal for exports, adding to the struggles of freight operator Transnet Plunging prices have narrowed the arbitrage of shipping the mineral to ports on trucks.<\/p>\n

Transnet said it expects to resume operations fully on the line by Saturday, but the collision underscores the crisis facing the operator.<\/p>\n

The state-run company manually manages its network and doesn\u2019t have enough wagons to transport coal. Lower exports have prompted miners to cut jobs.<\/p>\n

Deliveries to Richards Bay Coal Terminal likely plunged for a sixth straight year in 2023 to the lowest in three decades. With rising stockpiles, smaller miners may choose to stop production.<\/p>\n

\u201cTransnet\u2019s failure will start causing coal mines to shut down,\u201d said Vuslat Bayoglu, managing director at miner Menar. Operating without options to use trucks or working rail allocation is non-viable, he said.<\/p>\n

Thungela Resources, South Africa\u2019s biggest coal miner by market value, hasn\u2019t been shipping the fuel on trucks, the company said in an emailed response.<\/p>\n

Exxaro Resources continues to \u201ctruck coal opportunistically,\u201d a spokeswoman for the company said.<\/p>\n

Transnet\u2019s performance has deteriorated in recent years as the firm faces multiple challenges, including derailments, equipment shortages, vandalism, corruption and poor weather.<\/p>\n

Surging coal prices in the wake of Russia\u2019s invasion of Ukraine sent Europe searching for alternative suppliers, resulting in South African miners dispatching thousands of trucks a day to transport the fuel to the coast. The drop in prices has reversed that trend.<\/p>\n

\u201cIt\u2019s been our concern that the unavailability of trains to Richards Bay and other ports will lead to massive retrenchments,\u201d Livhuwani Mammburu, spokesman for the National Union of Mineworkers (NUM), said by phone.<\/p>\n

The NUM warned that close to 10,000 jobs could be lost by the end of January 2024 as mining companies begin to issue retrenchment notices amid declining commodity prices and an inability to export their produce.<\/p>\n

The lack of trains will also affect the iron ore and other minerals businesses, Mammburu added.<\/p>\n

Transnet has a turnaround plan to improve the performance of its rail network to the ports where it operates and has requested funding from the government to reach higher targets.<\/p>\n

It had set a goal of shipping 60 million tons of coal to Richards Bay last year, though it\u2019s been on pace to ship less than 50 million tons.<\/p>\n

Total volumes at Maputo Port in Mozambique surged 16% to 31.2 million tons in 2023, benefiting from the woes in South Africa.<\/p>\n

The problems for Transnet trains are bound to remain \u201cdue to the inherent risks of outdated manual systems and poor operational control,\u201d Gavin Kelly, chief executive officer of the Road Freight Association, said in a statement.<\/p>\n

The collision \u201cexposes vulnerabilities\u201d on the main export line, he said.<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. Coal in South Africa, which has the largest proven reserves of the fuel on the continent, is at risk of becoming stranded following a plunge in prices and the collapse of the nation\u2019s rail network \u2013 threatening widescale job cuts across the industry. Prices for the dirtiest fossil fuel have slumped about […]<\/p>\n","protected":false},"author":84,"featured_media":59836,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3],"tags":[274,315,275],"class_list":["post-59837","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","tag-africa-press","tag-africa-press-south-africa","tag-south-africa-2"],"yoast_head":"\nJobs bloodbath warning for South Africa \u2013 10,000 positions on the line - South Africa<\/title>\n<meta name=\"description\" content=\"Coal in South Africa, which has the largest proven reserves of the fuel on the continent, is at risk of becoming strande ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/jobs-bloodbath-warning-for-south-africa-10000-positions-on-the-line\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jobs bloodbath warning for South Africa \u2013 10,000 positions on the line\" \/>\n<meta property=\"og:description\" content=\"Coal in South Africa, which has the largest proven reserves of the fuel on the continent, is at risk of becoming strande ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/jobs-bloodbath-warning-for-south-africa-10000-positions-on-the-line\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-19T16:47:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-19T17:18:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2024\/01\/sm_1705671927.217059.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/jobs-bloodbath-warning-for-south-africa-10000-positions-on-the-line#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/jobs-bloodbath-warning-for-south-africa-10000-positions-on-the-line\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Jobs bloodbath warning for South Africa \u2013 10,000 positions on the line\",\"datePublished\":\"2024-01-19T16:47:46+00:00\",\"dateModified\":\"2024-01-19T17:18:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/jobs-bloodbath-warning-for-south-africa-10000-positions-on-the-line\"},\"wordCount\":541,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/jobs-bloodbath-warning-for-south-africa-10000-positions-on-the-line#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2024\/01\/sm_1705671927.217059.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"South-Africa\"],\"articleSection\":[\"all news\",\"community\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/jobs-bloodbath-warning-for-south-africa-10000-positions-on-the-line#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/jobs-bloodbath-warning-for-south-africa-10000-positions-on-the-line\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/jobs-bloodbath-warning-for-south-africa-10000-positions-on-the-line\",\"name\":\"Jobs bloodbath warning for South Africa \u2013 10,000 positions on the line - 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