Platinum Strike

Metal sector strike cost SA economic growth rate

The Reserve Bank’s Quarterly Bulletin shows real economic growth in the third quarter would have been 3.1% were it not for the metals sector strike.

Economy – outlook for 2015 dismal, despite boost

There are concerns that the impact of unemployment, load-shedding and industrial action will take its toll on economic growth in the new year.

Anglo Platinum meets sales contracts even as strike cuts output

The platinum mining giant was able to fulfill its contracts despite a devastating five-month long strike which wiped out its profits.

Investors see Russia less risky than SA as strikes impede growth

Investors are beginning to favour the Eastern European country over South Africa as strike in mining and metals overshadow the seizure of Crimea.

Amplats profit likely wiped out by five-month strike

Ahead of the release of its full earning report, Anglo American Platinum said it expects it finances were adversely affected by industrial action.

Expect low private consumer spending in 2014

The platinum strike, rising inflation and other factors have contributed to a "bleak outlook for consumer spending", according to a new report.

Nzimande: Miners will not recover from platinum strike

SA Communist Party general secretary Blade Nzimande said the platinum sector strike was too narrowly focused and was disastrous for the miners.

SA will miss 2014 economic growth target – Nene

The new finance minister says the country is unlikely to meet a a growth target of 2.7% for the year given the protracted platinum strike.

Mahumapelo: North West needs healing after strikes

The North West premier says government will launch a programme of reconciliation, healing and renewal after a spate of tough crises in the province.

Mathunjwa: No platinum worker will earn less than R8k

As miners are expected to return to work on Wednesday, Amcu president Joseph Mathunjwa says an R8 000 minimum basic salary is a breakthrough.

Amcu signs settlement agreement despite outsider speculation

The resolution of the five-month strike in the platinum sector has been welcomed, but there are concerns its effects will not disappear soon.

Platinum strike has ended, says Amcu

The union has accepted a wage settlement, which sees the five-month long strike in the platinum sector coming to an end.

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