Numsa's nationwide strike looms
SA could be plunged into recession by another massive strike, this time in the metal industry.
- South African economy
- National Union of Metalworkers of South Africa
- Platinum strike
- The Platinum Strike
- Gross domestic product GDP
- Platinum strikes
- The South African rand
- South African rands
- Potential Numsa strike
- Numsa demands 15 percent wage hike
- South Africans in debt
- South African borrowers
- Quarterly Report
JOHANNESBURG - South Africa's economy could be hit by another massive strike, this time in the metal industry.
The National Union of Metalworkers of South Africa (Numsa) says it is currently in talks with employers over annual wage increases but a national strike is on the cards, possibly at the beginning of next month.
There are concerns that South Africa's economy will not survive another long standing strike.
The platinum industry strike has already had serious implications, with the gross domestic product (GDP) dropping by 0.6 percent in the first three months of this year - the first quarterly contraction since the recession in 2009.
Now with Numsa indicating that a strike is on the cards, it will put more pressure on the economy.
The union, which represents thousands of metalworkers, says its members are demanding a 15 percent wage hike.
Some analysts have indicated that if the platinum strike continues, the country is likely to go into recession.