South Africa Mining Unrest Crib Sheet
BMI View: We expect labour unrest to continue to plague South Afr ica's mining sector over coming years , intensified by weaker precious metal prices . Indecisive government action and greater inter-union rivalry will be key features of the struggle ahead. In this article we set out our core view for how the situation of unrest in South Africa's mining sector will play out and answer the most salient questions.
Precious metal prices will head lower, intensifying the situation on the ground as mining companies will be less able to consent to unions' demands for higher wages.
Mining Sector Wages Rising, Employment Falling South Africa: Mining Sector Average Monthly Earnings At Current Prices, ZAR, (LHS) & Mining Sector Employees, thousands, (RHS)