Motsepe-backed Kropz Plc to slash jobs and restructure South African phosphate operations

Kropz Plc, the phosphate mining enterprise backed by South African billionaire Patrice Motsepe , is initiating a severe operational scale-down at its Elandsfontein mine. The company announced it will reduce its internal workforce and allow its operating and maintenance agreements with external contractors to expire in November. The restructuring follows a September 7 corporate announcement in which Kropz Plc outlined plans to overhaul its business model following a massive $160 million (R2.6 bil