S.Africa unions plan July strike over power crisis
Wed Jun 11, 2008 2:03pm BST
(Adds NUM comment)
By Phakamisa Ndzamela
JOHANNESBURG, June 11 (Reuters) - South Africa's COSATU labour federation said
on Wednesday it would call a national strike next month to protest against
job losses linked to a power crisis.
The news helped boost spot gold prices <XAU=> by nearly $3. COSATU said the
strike would be the culmination of a series of protests in South Africa's nine
provinces from July 2.
The National Union of Mineworkers (NUM), representing 320,000 workers at
South Africa's giant gold and platinum mines, said it would join in the
strike action.
USD/ZAR trades higher for the 9th day in a row, as bad news overwhelmed. now
at 7.9972 (+0.72%)
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