{"id":14800,"date":"2012-09-20T04:39:46","date_gmt":"2012-09-20T02:39:46","guid":{"rendered":"http:\/\/www.myza.co.za\/09\/s-african-rand-under-pressure-after-mine-wage-deal\/"},"modified":"2012-09-20T04:39:46","modified_gmt":"2012-09-20T02:39:46","slug":"s-african-rand-under-pressure-after-mine-wage-deal","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-african-rand-under-pressure-after-mine-wage-deal\/","title":{"rendered":"S.African rand under pressure after mine wage deal"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand reverses gains on mine jitters<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Marikana victory seen as catalyst to more strikes<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, Sept 19<\/span> (Reuters) &#8211; The rand reversed gains<br \/>\nagainst the dollar on Wednesday after a wage settlement that<br \/>\nended a deadly strike at Lonmin&#8217;s Marikana mine prompted other<br \/>\nworkers in the platinum belt to demand similar deals.<\/p>\n<p><span><\/span><\/p>\n<p>Trading will likely be thin ahead of a Reserve Bank rate<br \/>\ndecision on Thursday where dismal current account numbers<br \/>\nreleased last week could weigh on the central bank&#8217;s outlook for<br \/>\nAfrica&#8217;s largest economy.<\/p>\n<p><span><\/span><\/p>\n<p>In a poll by Reuters, 25 of 28 economists said they expected<br \/>\nrates to be left unchanged at their 40-year low of 5.0 percent.<\/p>\n<p><span><\/span><\/p>\n<p>South Africa&#8217;s consumer inflation ticked up the same level<br \/>\nyear-on-year in August from 4.9 percent in July. The figure is<br \/>\nwithin the Reserve Bank&#8217;s band, and should support keeping rates<br \/>\non hold.<\/p>\n<p><span><\/span><\/p>\n<p>However, the rand was almost 1 percent weaker at<br \/>\n8.2405 by 1500 GMT, from Tuesday&#8217;s New York close of 8.1795,<br \/>\nafter big pay rises at Lonmin prompted workers at other mines to<br \/>\ndemand more money.<\/p>\n<p><span><\/span><\/p>\n<p>Police fired tear gas and rubber bullets on Wednesday to<br \/>\ndisperse protesters near a mine run by the world&#8217;s biggest<br \/>\nplatinum producer, Anglo American Platinum.<\/p>\n<p><span><\/span><\/p>\n<p>The rand had rallied after news on Tuesday of the deal to<br \/>\nend the six-week strike at Lonmin.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Rand reverses gains on mine jitters * Marikana victory seen as catalyst to more strikes JOHANNESBURG, Sept 19 (Reuters) &#8211; The rand reversed gains against the dollar on Wednesday after a wage settlement that ended a deadly strike at Lonmin&#8217;s Marikana mine prompted other workers in the platinum belt to demand similar deals. Trading [&hellip;]<\/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-14800","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\/14800","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=14800"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14800\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}