CAPE TOWN Oct 5 (Reuters) - A strike by more than 20,000 truck drivers in South Africa is costing the freight industry 1.2 billion rand ($141 million) in lost revenue each week, an industry body said on Friday. "Estimates indicate that employees in this industry are losing in the region of 270 million rand in wages per week during the strike, with around 1.2 billion rand … [Read more...] about SAfrica freight industry losing $141 mln/week in strike
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S.Africa’s Amplats fires 12,000 wildcat strikers
JOHANNESBURG Oct 5 (Reuters) - World no. 1 platinum producer Anglo American Platinum said on Friday it had fired 12,000 workers taking part in a three-week illegal strike, following through on tough talk against the wildcat stoppages in South Africa's mines. Amplats also said in a statement the illegal strikes had cost it 39,000 ounces in lost output that translated into … [Read more...] about S.Africa’s Amplats fires 12,000 wildcat strikers
UPDATE 4-S.Africa’s Amplats fires 12,000 wildcat strikers
* Amplats fires 12,000 wildcat strikers * "Platinum belt" death toll nears 50 * Rand falls as labour unrest spreads * Shell declares "force majeure" By Agnieszka Flak JOHANNESBURG, Oct 5 (Reuters) - Anglo American Platinum (Amplats) fired 12,000 wildcat strikers on Friday, a high-stakes attempt by the world's biggest platinum producer to push back at a … [Read more...] about UPDATE 4-S.Africa’s Amplats fires 12,000 wildcat strikers
S.Africa’s rand, bonds weaken on strike woes
JOHANNESBURG Oct 5 (Reuters) - South Africa's rand extended losses against the dollar to two percent and government bonds fell sharply after Anglo American Platinum said it had dismissed around 12,000 striking workers, escalating a labour crisis that has dented investor confidence. The rand hit a session trough of 8.6950 to the dollar, edging closer to a 3-1/2 year low, … [Read more...] about S.Africa’s rand, bonds weaken on strike woes
RPT-S.Africa’s rand, bonds weaken on strike woes
(Repeats to chain to alerts) JOHANNESBURG Oct 5 (Reuters) - South Africa's rand extended losses against the dollar to 2 percent and government bonds fell sharply after Anglo American Platinum said it had dismissed around 12,000 striking workers, escalating a labour crisis that has dented investor confidence. The rand hit a session trough of 8.6950 to the dollar, … [Read more...] about RPT-S.Africa’s rand, bonds weaken on strike woes
