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MINING AND PEOPLE: THE IMPACT OF MINING ON THE SOUTH AFRICAN ECONOMY AND LIVING STANDARDS. INTRODUCTION AND SYNOPSIS . There are two ways of looking at mining in South Africa. The first is to see it as a sunset industry plagued by .
In this paper we measure the economy-wide impact of the 2014 labour strike in South Africa's platinum industry. The strike lasted 5 months, ending in June 2014 when producers reached an agreement with the main labour unions. The immediate impacts on local mining towns were particularly severe, but our research shows that the strike could also ...
Economic effects of load-shedding hit home ... are intensified load-shedding and a strike in the gold sector towards the end of the year. ... the US to affect the domestic economy, he said South ...
Apr 02, 2014· Haroon Bhorat and David Tseng examine data drawn from South Africa's long-term labor movement and challenge the common perception that strikes .
In this paper we measure the economy-wide impact of the 2014 labour strike in South Africa's platinum industry. The strike lasted .ve months, ending in June 2014 when producers reached an agreement with the main labour unions. The immediate impacts on local mining towns were partic-
Study the extract and graph below and answer the questions that follow. EXCHANGE RATE PROBLEMS FOR SOUTH AFRICA The wide -spread strikes in the country will not only affect mining and transport companies, but consumers too. The weak rand affects the average South African the most. The three expenses that
Aug 16, 2012· South Africa is a world leader in mining. The country is famous for its abundance of mineral resources, accounting for a significant proportion of world production and reserves, and South African mining companies are key players in the global industry. Kumba Iron Ore's massive operations in the Northern Cape include Sishen Mine and Kolomela Mine.
Mar 05, 2014· With South Africa's economy built on gold and diamond mining, the sector is also an important foreign exchange earner. But economists are concerned that continued strikes in major mining companies could damage the South African economy and hold back growth and employment.
effects are relatively easy to estimate, it is harder to predict the total economy-wide impact of the shock over an extended period of time. For this study we use a dynamic computable general equilibrium model to estimate the (CGE) economy-wide impact of the platinum sector strike in South Africa over the period 2014 to 2020.
Economic impact of South Africa platinum mine strike The largest union in South Africa's platinum sector has called a strike over pay, the biggest since the 2012 Marikana massacre in which 34 ...
A great deal has been written about the first two factors, so this article will examine the last factor, especially as the special features of mining cuts across the whole of mining and not just platinum. Mining in South Africa has always been an enclave industry, albeit with substantial impact on the rest of the economy.
According the Gini index, which gives a measure of the degree of inequality in the distribution of family income in a country, South Africa is ranked as one of the most unequal societies in the world. With South Africa being the largest economy in Africa, employees are becoming more restless in their need to gain better wages.
May 28, 2014· Months of mining strikes in South Africa pushed its economy into contraction in the first quarter of this year, and with no resolution in sight, the outlook remains bleak. South Africa's real ...
Jun 20, 2011· The recent strikes in South Africa illustrate the damage that can be caused: the workers have lost pay due to absence from work, and the employers have lost business. South Africa?s economy has become an extremely competitive one, and losing business to a competitor is a serious blow. While some companies are strong enough to survive the damage caused by a strike, they can
Mining Strike Impacts South African Economy. March 20, 2014 08:27 AM ... have not been able to capitalize on their rivals' misfortunes as the strike has not had much impact on price.
Jun 25, 2014· 'End of South Africa's platinum mine strike signals end of ANC domination' ... Consider just the economic impact: South Africa's economy shrank by .
Oct 24, 2014· "It's going to take a lot for them to put more faith in the South African economy and the mining industry." Amplats, the world's largest platinum producer and a unit of global mining house Anglo American, has signalled its intention to sell off its labour-intensive operations as it pivots to mechanised mining.
Effect of labour strike on national economy . 5 Jun ... The African continent contributes 7% of the world's mineral exports from mining 20% of world's land area. South Africa delivers 65% of ...
mining sectors to aggregate output in the South African economy, rather than with the aggregate volume of sales of the sector.4 Over the 1970-98 period, the proportional contribution of the mining sector to total value added in the South African economy has more than halved, declining from 21.3% in1970, to 9.9% of the private sector's GDPin 1998.
Box 1: The impact of industrial action in the platinum-mining sector on the South African economy According to industry sources, in 2013 the South African Platinum Group Metals (PGM) mining sector accounted for 53,4 per cent of global platinum supplies, 26,4 per cent of palladium supplies and 58,7 per cent of rhodium supplies.
In this paper we measure the economy-wide impact of the 2014 labour strike in South Africa's platinum industry. The strike lasted five months, ending in June 2014 when producers reached an agreement with the main labour unions.
May 13, 2015· The union that led 2014's bitter five-month strike in South Africa's platinum belt has brought the same demands – doubling of wages – to the gold sector.
This page provides the latest reported value for - South Africa Gdp From Mining - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Africa GDP From Mining - actual data, historical chart and calendar of releases - was last updated on December of 2019.
Jun 13, 2016· Load shedding in 2008, news that Medupi and Kusile were behind schedule in 2012 and load shedding in 2014/15 shows the effects it had on economic uncertainty. Source: IMF working paper. In recent years, the link between the real effective exchange rate (REER) and exports in South Africa has weakened, the authors explained.
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