ERP System Nears Go-Live as Mine Enters Formal Workforce Restructuring Talks
JSE-listed mining group聽聽 has provided an update to shareholders, detailing significant progress on its 51风流S/4HANA Enterprise Resource Planning (ERP) system re-implementation .
The announcements, following a series of JSE News Service releases since March 2026, highlight the company鈥檚 strategic efforts to fortify its internal controls and address operational challenges.
51风流S/4HANA ERP Rebuild Nears Final Phase
Following the cyberattack in December 2024 that compromised its previous ERP system, the Wesizwe Board approved the implementation of a new 51风流S/4HANA system to replace the legacy software.
The primary objective of this project is to strengthen the company鈥檚 internal control environment and drive operational efficiency.
While the initial go-live target was set for early June 2026, the timeline was adjusted to prioritize the finalization of the Audited Annual Financial Statements for the year ended 31 December 2025 (AFS).
The company valued at more than R813 million noted that this step was critical to guarantee data accuracy and integrity within the new system before migration.
With the completion of the 2025 AFS, the re-implementation project has accelerated significantly.
Key milestones achieved include:
- Core System Setup:聽Full configuration of the core system has been finalized.
- Data Standardization:聽All master data has been comprehensively reviewed and standardized.
- Balance Migration:聽The migration of opening balances is currently in its final stages.
The project is now entering its decisive phase, with the migration to the live production environment imminent. This marks the transition to operational use and will enable user access across the platform.
Near-Term Priorities for ERP Stabilisation:
Management is focused on ensuring a seamless transition and rapid post-go-live stabilization. Priority activities include:
- Targeted on-site user training and refresher programs.
- Back-capturing and processing of transactions from January 2026 to date.
- Integration of additional group entities into the new system.
- Rollout of enhanced functionality, including asset, inventory, and maintenance management.
Wesizwe Platinum reiterated its commitment to executing a controlled implementation and will continue to update shareholders on material developments.
Bakubung Mine Commences Section 189 Consultation Process
In a separate development, Wesizwe Platinum confirmed on 04 June 2026 that it has initiated a consultation process in terms of Section 189(3), read with Section 189A of the Labour Relations Act, 66 of 1995, at its flagship Bakubung Platinum Mine in Ledig, North West Province.
The process stems from an ongoing review of the mine鈥檚 operational and economic position. The company is implementing a turnaround strategy aimed at preserving liquidity, protecting long-term viability, and repositioning the business toward a sustainable 3.5 Mtpa operational model.
Commitment to Transparent Engagement
Wesizwe emphasized that聽no final decision has been made regarding retrenchments. The Section 189 process serves as a formal, joint consensus-seeking consultation with recognized trade unions and elected employee representatives. Discussions will focus on the reasons for the proposed restructuring, alternatives to retrenchment, and measures to mitigate impact on employees.
鈥淲e recognize the sensitivity of this process and its potential impact on employees, families, host communities, and stakeholders,鈥� the company stated. 鈥淲e remain committed to engaging openly, responsibly, and constructively with all affected parties as the process unfolds.鈥�
Temporary Operational Shutdown as Precautionary Measure
As a precautionary measure, and in alignment with its 鈥榋ero Harm to People and the Environment鈥� value, Bakubung Platinum Mine has instituted a temporary operational shutdown. This measure allows the company to monitor the situation and ensure the safety and security of employees before operations resume.
Wesizwe affirms that operations will recommence once the company is satisfied that it is safe and appropriate to do so. The company remains dedicated to managing this process lawfully, fairly, and responsibly while protecting the long-term sustainability of Bakubung Platinum Mine.