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Feb 13 2012 12:15
Miner Xstrata says it has brought forward maintenance on two furnaces to assist Eskom to save power.
Feb 13 2012 10:43
Although jobs were created, the economy is still 420 000 jobs short of the peak employment level before the 2009 global financial crisis, says Adcorp.
Feb 13 2012 07:58
Greek lawmakers have approved a new round of drastic austerity measures after a long day of street battles between police and protesters left dozens injured.
Johannesburg - South Africa's Chamber of Mines, which negotiates on behalf of the country's gold producers, said on Thursday it had made an opening offer of a 5% wage increase against a demand of 15% by unions.
South African workers in the gold industry have demanded pay increases nearly double the inflation rate, which is at 8.5%, citing the strong price of the metal despite the financial crisis, setting the stage for tough wage talks.
Wage talks in South Africa's gold sector are watched closely by markets because there is a chance of disruption in output should the workers go on strike as has happened in the past.
- Reuters