Monday, January 20, 2014

South Africa: Labor unrest in mining industry to negatively impact economy - Finance Minister

South Africa's economy cannot afford more mine labor unrest, Finance Minister Pravin Gordhan said on Monday, as the platinum industry's main trade union served notice on the world's top 3 producers that it planned to strike this week.

A series of strikes in the factory and mining sectors constrained growth to a sluggish 2 percent in 2013, hampering efforts by President Jacob Zuma's administration to create badly needed jobs as it braces for elections this year.

The African National

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