Bad week

Gold Fields announced its only remaining operation in SA, South Deep, will chop 1,560 jobs — a third of its workforce — in a restructuring effort to save it. CEO says closing the operation is not an option if the investment is ever to be recovered, but losses of R100m a month simply have to be stopped. Mineral resources minister Gwede Mantashe switched his ire from Implats to Gold Fields, accusing management of not engaging meaningfully with the government on the matter.

Nick Holland