Wesizwe Platinum, a mining company listed on the Johannesburg Stock Exchange and valued at more than R813 million, has told shareholders that its SAP S/4HANA enterprise resource planning system is nearing go-live, following a cyberattack in December 2024 that compromised its previous ERP system. The company's board approved the new SAP S/4HANA implementation, which is intended to strengthen internal controls and improve operational efficiency.
The initial go-live target was set for early June 2026, but Wesizwe adjusted the timeline to prioritize completing its audited annual financial statements for the year ended December 31, 2025, a step the company said was necessary to ensure data accuracy before migrating to the new system. With those financial statements complete, the company said the re-implementation project has moved forward at a faster pace.
Wesizwe reported that configuration of the core system has been finalized, that all master data has been reviewed and standardized, and that migration of opening balances is in its final stages. The project is now entering what the company described as its decisive phase, with migration to the live production environment expected soon, a step that will open the platform to user access across the organization.
Following go-live, Wesizwe said its near-term priorities include on-site user training and refresher programs, back-capturing and processing transactions dating from January 2026, integrating additional group entities into the new system, and rolling out additional functionality covering asset, inventory and maintenance management. The company said it remains committed to a controlled implementation and will continue providing shareholder updates as the project progresses.
Separately, Wesizwe confirmed on June 4, 2026, that it has started a consultation process under Section 189(3), read together with Section 189A of South Africa's Labour Relations Act of 1995, at its Bakubung Platinum Mine in Ledig, North West Province. The company said the process follows a review of the mine's operational and economic position and forms part of a turnaround strategy aimed at preserving liquidity, protecting the mine's long-term viability, and repositioning operations around a 3.5 Mtpa production model.
Wesizwe said no final decision has been made regarding retrenchments, and described the Section 189 process as a formal, joint consultation with recognized trade unions and elected employee representatives, covering the reasons behind the proposed restructuring, alternatives to retrenchment, and ways to reduce the impact on employees. The company said: "We recognize the sensitivity of this process and its potential impact on employees, families, host communities, and stakeholders. We remain committed to engaging openly, responsibly, and constructively with all affected parties as the process unfolds."
As a precautionary measure tied to its stated commitment to what it calls Zero Harm to People and the Environment, Bakubung Platinum Mine has temporarily suspended operations. The company said this allows it to monitor the situation and confirm the safety and security of employees before resuming operations, and that it remains committed to managing the process lawfully, fairly and responsibly while protecting the mine's long-term sustainability.
