{"id":16526,"date":"2012-11-08T20:43:29","date_gmt":"2012-11-08T18:43:29","guid":{"rendered":"http:\/\/www.myza.co.za\/11\/update-2-s-african-factory-output-feels-impact-of-strikes\/"},"modified":"2012-11-08T20:43:29","modified_gmt":"2012-11-08T18:43:29","slug":"update-2-s-african-factory-output-feels-impact-of-strikes","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-2-s-african-factory-output-feels-impact-of-strikes\/","title":{"rendered":"UPDATE 2-S.African factory output feels impact of strikes"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Output data worst in 6 months as strikes bite<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Outlook bleak, will weigh on growth<\/p>\n<p><span><\/span><\/p>\n<p>* Interest rates expected to stay on hold<\/p>\n<p> (Adds mining data, quotes, background)<\/p>\n<p><span><\/span><\/p>\n<p>By Xola Potelwa<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Nov 8 (Reuters) &#8211; South African factory output<br \/>\nshrank in September, its worst performance in six months,<br \/>\npainting a bleak picture for Africa&#8217;s biggest economy after a<br \/>\nwave of strikes that began in the mines.<\/p>\n<p><span><\/span><\/p>\n<p>Factory output contracted 1.1 percent year-on-year in<br \/>\nSeptember, more than the 0.5 percent reduction analysts had<br \/>\nexpected. It also compared to a 2.8 percent expansion in August.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The industrial strikes have begun to take their toll on<br \/>\ndomestic figures,&#8221; said Anisha Arora, emerging markets analyst<br \/>\nat 4Cast.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Strike action rapidly spread from mining to manufacturing<br \/>\nand even the services sector well into October, closing plants<br \/>\nand operations for weeks and resulting in vast losses of<br \/>\nproduction volumes.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>A wave of wildcat strikes kicked off in the mining sector in<br \/>\nearly August, and intensified after the Aug. 16 police killing<br \/>\nof 34 miners at Lonmin&#8217;s Marikana platinum mine, the bloodiest<br \/>\nsecurity incident since the end of apartheid in 1994.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Output data worst in 6 months as strikes bite * Outlook bleak, will weigh on growth * Interest rates expected to stay on hold (Adds mining data, quotes, background) By Xola Potelwa JOHANNESBURG, Nov 8 (Reuters) &#8211; South African factory output shrank in September, its worst performance in six months, painting a bleak picture [&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-16526","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\/16526","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=16526"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/16526\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=16526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=16526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=16526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}