Mine strikes
Strikes, stronger dollar add pressure to rand
The rand was trading at R10,7930 per dollar, 0,2 percent weaker than its New York close.
While it won’t say which, Sibanye Gold has publicly expressed interest in acquiring platinum mines.
Impala Platinum says platinum producers and Amcu are still trying to resolve outstanding issues.
Cosatu wants Zuma to commit to tackling issues in the mining industry when he delivers the Sona.
The SACP says Amcu’s prolonged wage strike will have disastrous consequences.
Figures show the economy experienced its first contraction since 2009, dropping 0.6%.
Amcu members have been on strike for 17 weeks, demanding a basic salary of R12,500 per month.
Chris Griffith has apologised for comments he made in a daily newspaper earlier this week.
Producers such as Implats, Amplats and Lonmin all gained around one percent in the day’s trading.
The witness is set to reveal more details about an apparent ‘muti ritual’ before the shooting.
The industry has reached a dead end, with mine bosses suing the union and workers refusing to budge.
The Amcu president says bosses are not aware of the financial plight of their workers.
Police used rubber bullets and stun grenades to disperse striking Amplats workers.
As the Amcu strike enters its third week, the sector is losing close to R400m a day.
Anglo American Platinum's CEO is confident positive results will continue despite ongoing strikes.
Minister Susan Shabangu says Africa's mineral development potential is unparalleled.
Delegates from more than 100 nations are meeting at the Mining Indaba in Cape Town.
Fresh labour unrest across the platinum belt is threatening its earnings recovery.
An accounting firm says mistrust between mine bosses, govt and unions is hampering industry growth.