Natural resources foreign direct investment and conflict in South Africa: a case study of the Marikana tragedy
Abstract
This study describes and investigates the relationship between Foreign Direct
Investment and conflict in the mining industry. It also explores the conduct
of foreign-based companies as influenced by the Bretton Woods Institutions
and their ability to bring solutions to the socio-economic problems of the
North West Province. FDI companies set targets which tactfully enforce mine
workers to work long hours without overtime payments. The findings indicate
that racial connotations are still a factor in South Africa and in employment.
Africans are restricted to low paid jobs. The study also indicates that the
salaries and wages foreign multinational corporations differ significantly from
one country to another and that Africans are usually restricted to lowest paid
jobs. Foreign Direct Investment leads to population displacement and
consequently to the cultural breakdown of some tribes. There is poor
adherence to International Mining Action Standards and legislation governing
the mining sector. It is therefore significant that companies that operate under
FDI should implement the policies as required and laid down.
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