Last night, two mines of the world's largest platinum producer, Amplats, had to close down operations after workers embarked on a wildcat strike. This latest wave of strike action comes less than a week after the signing of the mining peace pact. Here's the lowdown on what's going on…
Anglo American Platinum announced earlier today that two of its mines, Thembelani and Khomanani, had to suspen... ››› more
The much anticipated pact, which seeks to bring stability to South Africa's troubled mining sector, was finally signed yesterday. But, the Association of Mineworkers and Construction Union (AMCU) has yet to sign on the dotted line. Already there are questions about whether the pact will do anything to improve the current issues afflicting the mining sector. Let's have a look at what's been going o... ››› more
The rand has felt the wrath of the markets over the past couple of weeks. After the US Federal Reserve announced it was going to step down its stimulus programme, the already weak rand felt the strain. But the local currency is starting to show glimmers of strength…
The rand’s had a tough time of it. Since Ben Bernanke’s address about the US Federal Reserve’s stimulus programme, emerging... ››› more
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