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  • Mining strikes shrink South Africas economy

    May 28, 2014· Mining strikes shrink South Africas economy. Months of mining strikes in South Africa pushed its economy into contraction in the first quarter of this year, and with no resolution in sight

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  • Strikes hit economy hardIOLNews that Connects South

    Jul 15, 2014· PretoriaThe wave of strikes in the mining and manufacturing sectors has had an adverse effect on the countrys economy, leading to the steepest economic

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  • Effects of the Mining Strikes on the South African Economy

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  • Midterm budget: Strikes cost economy dearlyThe Mail

    Oct 25, 2012· Wildcat strikes across the mining sector have cost South Africa more than an estimated R10billion in lost production. From an ever widening trade

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  • The Impact Of Covid

    South Africas 21day period of national lockdown has similarly ground all local mining operations to a halt until at least April 16th. Even where shutdowns are not occurring, restrictions on the movement of people and supplies will inevitably delay development work. Mining industry

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  • Box 1: The impact of industrialSouth African rand

    Box 1: The impact of industrial action in the platinummining sector on the South African economy According to industry sources, in 2013 the South African Platinum Group Metals PGM mining sector accounted for 53,4 per cent of global platinum supplies, 26,4 per cent of palladium supplies and 58,7 per cent of rhodium supplies.

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  • 'End of South Africa's platinum mine strike signals end of

    Jun 25, 2014· Consider just the economic impact: South Africa's economy shrank by 0.6% in the first quarter only because of this strike. This is a very real demonstration of political power by an organisation

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  • What is the impact of strikes for employers and employees

    This week Ivan Israelstam explains how strikes can damage a company in the long termway after the strike has concluded, and how employees are also adversely affected. He provides guidance for employers on how to manage a strike and how to go about rebuilding the employment relationship.

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  • South Africa: Mining Strikesthe Costs to SA's Economy

    South Africa is a world leader in mining, and mining remains the back bone of the country's economy. It has been so since the precious metal was discovered in Johannesburg around 1887.

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  • Troubles in South Africas mining sector start to affect

    Oct 14, 2012· In fact, Deutsche estimates that the economic cost of the strikes could rise from 2.5pc of South Africas GDP to 3pc if the strikes in the transport sector worsen the impact of the mining unrest.

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  • Study examines impact of strikes on S African economy

    Study examines impact of strikes on South African economy. INCREASED INTENSITY The Mandela Initiative has found that strikes are more intense and

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  • Examining the impact of strikes on the South African economy

    South Africa has a strong history of strike action with it usually garnering heavy media coverage. However, South Africas strike intensity is not an international outlier. Bhorat, Kanbur& Mayet, 2012 show that over the period 19982008 S outh Africas strike intensity was at 2.8%, similar to countries such as Denmark,

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  • The Effects of strikes on Businesses andSouth Africa

    The South African economy is vulnerable at this point in time and striking season could harm the countrys investment reputation internationally. Economists agree that the affect of strikes on the economy are difficult to calculate but, is detrimental to the country and its workers. GDP growth will be affected and the consequences of higher

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  • How corruption is fraying South Africa's social and

    Jul 12, 2017· South Africas five year average economic growth rate declined from 4.8% over the 20042008 period to 1.9% over the 20092013 period. Between 2014 and 2016 it averaged 1.1%.

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  • 2014 South African platinum strike: longest wage strike in

    The South African mining industry shed 20,000 jobs in the 12 months leading to June 2013, and that trend was set to continue due to low margins, cost pressures and volatile commodity prices. Additionally, labour costs in the mining sector account for 45% to 50% of total cost, while the global average was 30 to 40% of total cost, with employee

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  • Counting costs of South Africa's mining strikes

    Mining strikes have hammered the South African economy more than has been acknowledged, says Luke Alers of Dreadnought Capital. By Luke Alers* Recent media coverage has indicated that the mining sector has lost over R24bn in revenue and a further R10.6bn in wages, but there is a broader impact of the GDP multiplier effect on the economy. Using inputoutput analysis Leontief, 1936, the effect

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  • Strikes have negatively affected the economy

    Jul 15, 2014· The countrys economy has battled to fully recover from the impact of the 2009 recession due to low productivity in the mining and manufacturing sectors. The sluggish growth has mainly been attributed to the bruising strikes in both sectors that have led to contractions in the first quarter. This is according to StatisticianGeneral Pali Lehohla,

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  • Troubles in South Africas mining sector start to affect

    Oct 14, 2012· In fact, Deutsche estimates that the economic cost of the strikes could rise from 2.5pc of South Africas GDP to 3pc if the strikes in the transport sector worsen the impact of the mining unrest.

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  • Effect Of Strikes And Stay Aways On The Economy Free Essays

    Impact mining strikes have on the South African economy South Africa is a world leader is terms of mining. Mining constitutes a major part of its economy; one of the major players in the sector is platinum mining. Due to its size any changes in platinum mining would have an impact on the economy as a whole and to a lesser extent the world. The Recent strikes in this industry have caused

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  • The economic impact of MarikanaThe Mail & Guardian

    Nov 02, 2012· The miners' strike at Mari kana, close to Rusten burg, in August this year, will long be remembered for the violence and loss of life associated with it and its effect on South Africa's economy

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  • The Impact of the 2014 Platinum Mining Strike in South

    The strike lasted five months, ending in June 2014 when producers reached an agreement with the main labour unions. The immediate impacts on local mining towns were particularly severe, but our research shows that the strike could also have long lasting negative impacts on the South African economy

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  • Strikes have negatively affected the economy

    Jul 15, 2014· The countrys economy has battled to fully recover from the impact of the 2009 recession due to low productivity in the mining and manufacturing sectors. The sluggish growth has mainly been attributed to the bruising strikes in both sectors that have led to contractions in the first quarter. This is according to StatisticianGeneral Pali Lehohla,

    Inquire Now
  • South Africa's economic challengesBBC News

    May 06, 2014· Image caption Strikes at platinum mines show no sign of coming to an end . Mining is regarded as the bedrock of the South African economy, but in truth it

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  • Labour unresteconomic consequences of strikesBBrief

    Strikes and labour unrest have marked negative impacts on the employees themselves, the employers and their stakeholders, the government, consumers, and the economy. The negative effects on international trade include the hindrance of economic development, creating great economic uncertaintyespecially as the global media continues to share

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  • Economy of South AfricaWikipedia

    The economy of South Africa is the second largest in Africa, after Nigeria. As a regional manufacturing hub, it is the most industrialized and diversified economy on the continent. South Africa is an uppermiddleincome economyone of only eight such countries in Africa. Since 1996, at the end of over twelve years of international sanctions, South Africa's Gross Domestic Product almost

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  • The impact of tradedisrupting COVID19 on South African

    Download The impact of tradedisrupting COVID19 on South African business . Understanding declining merchandise trade, supply chain disruption, and the impact of slower economic growth in China on the South African economy and tourism.

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  • South Africa strikes will hit GDP, but mining revenue up

    Oct 09, 2013· South Africa's declining economic growth rates will continue to feel the impact of strikes in its key mining sector in 2013, even as mining revenues are expected to

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  • Economy of South AfricaWikipedia

    The economy of South Africa is the second largest in Africa, after Nigeria. As a regional manufacturing hub, it is the most industrialized and diversified economy on the continent. South Africa is an uppermiddleincome economyone of only eight such countries in Africa. Since 1996, at the end of over twelve years of international sanctions, South Africa's Gross Domestic Product almost

    Inquire Now
  • 'End of South Africa's platinum mine strike signals end of

    Jun 25, 2014· Consider just the economic impact: South Africa's economy shrank by 0.6% in the first quarter only because of this strike. This is a very real demonstration of political power by

    Inquire Now
  • Exploring The Incidents Of Strikes In PostApartheid South

    South African statistic s reveal that ap proximately 200 striking South Africans were kil led, 313 injured, and o ver 3,058 arrested during the period 1999 to 2012 SAIRR, 2013 .

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  • Strikes hit economy hardIOLNews that Connects South

    Jul 15, 2014· PretoriaThe wave of strikes in the mining and manufacturing sectors has had an adverse effect on the countrys economy, leading to the

    Inquire Now
  • The Impact Of Covid

    Mining industry more exposed to pandemic South Africas mining sector is particularly exposed to the spread of Covid19. According to the Minerals Council of South Africa, the industry employs a workforce numbering almost 420,000, many of whom are underground on any given day.

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  • The Mandela InitiativeThe Impact of strikes

    South Africa has a strong history of strike action, with extensive media coverage of strike activity, but there is a distinct lack of empirical evidence on the costs of strikes to the local economy, and limited understanding of whether strikes move in the same direction as, or opposite to, business cycles.

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  • The economic impact of MarikanaThe Mail & Guardian

    Nov 02, 2012· The miners' strike at Mari kana, close to Rusten burg, in August this year, will long be remembered for the violence and loss of life associated with it and its effect on South Africa's economy.

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  • The Role of Mining in the South African Economy

    The Role of Miningin the South African Economy 3 1970 1975 1980 1985 1990 1995 1998 Agric, Forest & Fish 5.4 5.4 5.7 5.4 6.1 5.3 6.4 Total Mining 21.3 13.9 13.3 13.0 11.3 10.5 9.9 Total Manufacturing 27.5 30.1 32.8 29.4 29.6 29.3 28.3 Electricity, Gas & Water 2.6 3.1 3.6 4.6 5.1 5.6 5.9 Building & Constr 5.5 6.3 5.0 4.4 4.0 3.4 3.3 Services 37.8 41.1 39.6 43.2 43.9 45.9 46.3

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  • AN ESTIMATION OF THE IMPACT OF THE 2012 PLATINUM

    South African economy to create and grow employment opportunities. This implies that close to five million active job seekers are not being utilised in the economy. With such a high unemployment rate, strikes by workers are even more worrying, especially if such strikes also impact on the rest of the economy.

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  • Mining Strike Impacts South African EconomyVoice of

    The strike has hit about 40 percent of global production of the precious metal, which is used for catalytic converters in vehicles and is a key source of hard currency for South Africa. The

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