Amplats should ride out the current strike rather than give in to Amcu’s demands to retract its planned job cuts, says Coronation Asset Management.
The effect of strikes on exports saw the current account deficit widen by almost R5-billion.
The cost of manufacturing goods in South Africa rose higher in August than last month, meaning more pressure on consumer prices.
South Africa lost 28 000 nonagricultural jobs in the second quarter of the year despite economic growth.
The industry association has said that sales unexpectedly dropped in August compared with figures from a year before.
Factory output have expanded as weak currency increased demand for South Africa’s manufactured goods.
The SA Reserve Bank deputy governor has assured the public that the bank will react should inflation breach the 6% mark for a prolonged period.