[Source: http://www.heraldlive.co.za/numsa-tells-motor-companies-go-ahead-and-leave/ by Allan Williams & Mkhululi Ndamase.]
FORD SA was yesterday revealed as the American motor industry giant which has threatened to close its operations due to the unstable labour environment in the country, according to an employers’ organisation. The source of the warning was revealed just hours after Numsa national treasurer Mphumzi Maqungo said at the Nangoza Jebe Hall in New Brighton, Port Elizabeth, that the union had told major German manufacturer BMW it could pull out of the country if it wanted to. Read more
[Source: http://today.moneyweb.co.za/article.php?id=759444&cid=2014-07-08#.U7uXIbmKDIU by Ryk van Niekerk.]
JOHANNESBURG – The views ANC Deputy Secretary General Jessie Duarte aired in a column published in City Press over the weekend really underline the fundamental ideological differences between the ANC and the mining industry, and per definition the whole private sector. Read more
King Goodwill Zwelithini and other traditional leaders are compiling a multi-billion rand land claim that could be South Africa’s largest to date, according to report.
“From what we have gathered thus far…[the area] goes outside the boundaries of the [KwaZulu-Natal] province to the Eastern Cape, Free State and part of Mpumulanga,” said Judge Jerome Ngwenya, chair of the Ingonyama Trust, which would help with the claim the City Press reported on Sunday. Read more
[Source: http://www.voanews.com/content/south-african-economy-hit-by-metalworkers-strike/1950810.html by Gillian Parker.]
A strike by 220,000 engineers and metalworkers has dealt major blow to South Africa’s economy.
The labor dispute has been marked by violent clashes between police and striking workers and reports of looting and intimidation by union members. Read more
[Source: http://www.bdlive.co.za/economy/2014/07/03/moodys-cautions-of-potentially-negative-credit-outcome-for-sa by Evan Pickworth.]
RATINGS agency Moody’s, which has SA on a negative outlook, cautioned on Thursday of a potential “credit negative” for the country after the latest round of labour action.
It said in the same release it would be closely monitoring the performance of Anglo American’s platinum division after a recent wage agreement in that sector, as higher wages and slow economic conditions could affect profits. Read more
57 700 000 (mid 2018 estimate)
4.0% y/y in January 2019 (CPI) & +4.1 y/y in January 2019 (PPI)
1.4% q/q (4th quarter of 2018)
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