R/€ = 13.14
R/$ = 12.05
Au 1200.03 $/oz
Pt 1139.50 $/oz
Jul 18, 2014
Following the crippling five-month platinum- sector strike, which severely affected not only businesses in Rustenburg but also the South African economy and resulted in mineworkers and their families having to live in poverty, the Association of Mineworkers and...
Aug 28, 2013
Strikes in the mining industry over the past few years have increased and are lasting longer, labour relations expert Andrew Levy said on Wednesday. "While strikes are increasing at a reasonably gentle rate, the workdays [lost] are going up quite steeply," he told...
Jun 28, 2013
Chances are slim that this year’s bargaining season will run smoothly for the local mining industry, says strategy firm Virtual Consulting Inter-national global mining strategist Gideon Malherbe, who predicts that “unavoidable chaos” will ensue this year, owing to an...
Jun 06, 2013
South Africa should invest in improving workers' economic literacy to strengthen the country's labour relations, an analyst said on Thursday. "One of the things that is a by-product of 15 to 20 years of Cosatu's view of the world is that employees do not believe a...
Jul 10, 2012
If the South African government kept to infrastructure spending targets and labour unions limited wage increases to 1% above inflation, the country's real gross domestic product (GDP) could grow by a minimum of R22-billion a year, IHS Global Insight sub-Saharan...