South African labor unrest spreads, gold, construction strikes loom

“Tens of thousands of construction workers prepared to down tools next week and unions in the gold sector also signaled their intention to call a strike over wages. NUM represents about 64 percent of the roughly 140,000 miners in the South African gold industry, where major operators include AngloGold Ashanti, Gold Fields, Harmony and Sibanye Gold. Seshoka also announced that NUM’s 90,000 members in the construction industry would go on strike from Monday.  South Africa’s faltering economy is already losing an estimated $60 million a day to a strike by 30,000 workers in the car manufacturing sector that accounts for 6 percent of gross domestic product.”

http://www.reuters.com/article/2013/08/22/us-safrica-strikes-idUSBRE97L0BA20130822

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