AngloGold Ashanti Limited (ADR) (AU), BHP Billiton Limited (ADR) (BHP): South African Miners No Longer Willing to Pay to Play

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The Daily Maverick indicated that jealousy over the payouts may have been a contributing factor to the violence, as unions on the outs wanted in on the lucrative stipends the others were receiving. Since the payments were said to be originally enacted to create a more harmonious relationship with the unions, the escalating level of clashes may have left the miners wondering what they were getting for their money.

It was a relationship that was bound to be problematic considering the inherent conflicts of interest, and ending the system may help to ameliorate, even if it doesn’t eliminate, the violent and bloody protests of labor unions.

The article South African Miners No Longer Willing to Pay to Play originally appeared on Fool.com.

Fool contributor Rich Duprey and The Motley Fool have no position in any of the stocks mentioned.

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