{"id":14689,"date":"2012-09-17T04:32:42","date_gmt":"2012-09-17T02:32:42","guid":{"rendered":"http:\/\/www.myza.co.za\/09\/interview-s-african-strike-not-denting-budget-forecast-yet\/"},"modified":"2012-09-17T04:32:42","modified_gmt":"2012-09-17T02:32:42","slug":"interview-s-african-strike-not-denting-budget-forecast-yet","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/interview-s-african-strike-not-denting-budget-forecast-yet\/","title":{"rendered":"INTERVIEW-S.African strike not denting budget forecast yet"},"content":{"rendered":"

\t\t<\/span><\/p>\n

STOCKHOLM, Sept 16<\/span> (Reuters) – South Africa sees no need yet
\nto revise the outlook for its fiscal performance in its 2012
\nbudget plan even if there has been revenue loss due to problems
\nin the mining industry, Finance Minister Pravin Gordhan said on
\nSunday.<\/span><\/p>\n

<\/span><\/p>\n

But in an interview in the Swedish capital ahead of a
\nconference on Monday, Gordhan said the mining problems needed to
\nend as soon as possible and he hoped increased security measures
\nwould allow for successful negotiations between employers and
\nemployees.<\/p>\n

<\/span><\/p>\n

South Africa’s platinum mine industry has been hit by a
\nwildcat strike at Lonmin, prompted by demands for higher pay.
\nThat has spread to other mining companies. Lonmin is to
\nresume talks on Monday with the strikers.<\/p>\n

<\/span><\/p>\n

Gordhan said the government had already forecast that
\neconomic growth for the year would be below the current 2.7
\npercent forecast, mainly due to the European debt crisis.<\/p>\n

<\/span><\/p>\n

He also noted the economy rose 3.2 percent in the second
\nquarter after 2.7 percent growth in the previous three months.<\/p>\n

<\/span><\/p>\n

“What we might see in the third quarter is a dip again in
\nthe growth numbers and also an impact on the potential that
\nthere was for increased employment within the sector as well,”
\nhe told Reuters and Swedish news agency TT in an interview.<\/p>\n

<\/span><\/p>\n

“The revenue loss is there,” he said of the strike, but
\nadded: “At this stage our budget February 2012 numbers stand.”<\/p>\n

<\/span><\/p>\n

He said he hoped the mining problems would be short-lived.<\/p>\n

<\/span><\/p>\n

“The period in which we have this instability needs to be
\nconfined, to the extent that it is possible, and at the same
\ntime we require this collective commitment to resolve the
\nissues,” he said.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

STOCKHOLM, Sept 16 (Reuters) – South Africa sees no need yet to revise the outlook for its fiscal performance in its 2012 budget plan even if there has been revenue loss due to problems in the mining industry, Finance Minister Pravin Gordhan said on Sunday. But in an interview in the Swedish capital ahead of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-14689","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=14689"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14689\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}