MEDIA STATEMENT
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WESIZWE PLATINUM LIMITED CONFIRMS COMMENCEMENT OF SECTION 189 CONSULTATION PROCESS AT ITS FLAGSHIP OPERATION
Rustenburg, South Africa, 04 June 2026. Wesizwe Platinum Limited confirms that a consultation process has commenced in terms of Section 189(3), read with Section 189A of the Labour Relations Act, 66 of 1995, at its flagship operation, Bakubung Platinum Mine, located in Ledig in the North West Province.
The process follows the Company’s ongoing review of the operational and economic position of Bakubung Platinum Mine, including the need to implement a turnaround strategy aimed at preserving liquidity, protecting the long-term viability of the operation, and repositioning the business towards a sustainable operating model aligned to the future 3.5 Mtpa strategy.
Wesizwe wishes to emphasise that no final decision has been taken regarding any retrenchments. The Section 189 process is a formal joint consensus-seeking consultation process with recognised trade unions and elected employee representatives. The consultation process will consider the reasons for the proposed restructuring, alternatives to retrenchment and measures to mitigate the impact on employees.
Wesizwe recognises the sensitivity of this process and the potential impact it may have on employees, families, host communities and other stakeholders. The Company remains committed to engaging openly, responsibly and constructively with affected employees, organised labour, regulators, local government, traditional leadership and other relevant stakeholders as the process unfolds.
As a precautionary measure, and in line with the Group’s commitment to safety and its value of Zero Harm to People and the Environment, Bakubung Platinum Mine has instituted a temporary operational shutdown. This measure has been taken to allow the Company to monitor the situation and ensure the safety and security of employees before resuming operations.
Wesizwe will continue to assess the situation and operations will resume once the Company is satisfied that it is safe and appropriate to do so.
Wesizwe remains committed to managing this process lawfully, fairly and responsibly, while protecting the integrity of the formal consultation process and the long-term sustainability of Bakubung Platinum Mine.
For any questions/enquiries related to the commencement of the Section 189 consultation process Bakubung Platinum Mine, kindly contact:
Ms. Itumeleng Mogale
Executive Head: Corporate Affairs
Itumeleng.Mogale@wesizwe.com
Tel: 014 004 1187
Mobile: 082 936 1184
For any other unrelated media enquiry(ies) contact:
Ms. Prudence Motswatswe
Communications Specialist
Prudence.Motswatswe@wesizwe.com
Tel: 014 004 1147
ENDS