(12b) Good versus bad leaders: South Africa
Example: South Africa and its mines. The world's biggest platinum producer, Anglo American Platinum or Amplats, fired 12,000 South African miners when they were on strike for higher wages. A few weeks before, 34 people died during strikes at Lonmin, another mine. How would one describe these managers? Are they good? I don't think so: Their employees are unhappy and strike because they say they earn too little for the dangerous work they do. And as I understand it, life in South Africa is becoming more expensive and thus people need more money. Most of the managers live far away and earn enormous amounts of money, therefore they do not know (or bother to know) prices are increasing in South Africa and thus life becomes more difficult for everyone, including miners who have a dangers job (to understand the bad working conditions of gold miners, search the web for pictures). Three weeks of strikes cost the company about 700m rand ($82m; £51m) in revenue. Indeed, n...