South Africa: Work stoppages hits Amplats mines in protest of impeding job cuts

Job cuts are a sensitive issue in South Africa, where the unemployment rate has remained stuck at 25 percent.

The issue is also important for the ruling African National Congress (ANC) which faces an election in just over six months.

South Africa accounts for 75 percent of global platinum output and the precious metal’s spot price on Friday was up 0.8 percent at US$1,415.49 an ounce.

Coal producers and unions meet on Monday to try to hammer out wage agreements and avert possible strike action that could hit exports to Europe and Asia and supplies to power firm Eskom.

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