The current strike season in South Africa
Analysts predict that the daily lose on the
gold mining industry is in the region between R300 and R500 million.
Economist Dawie Roodt said the longer the
strikes go on the more badly the economy will be affected.
Roodt said there is no way that we can go
back to yesterday, meaning if we loose one’s day production and that production
is lost for good.
Roodt added that if these strikes go on
some mines will be forced to close some shafts and that would lead to more
retrenchments and some mines may close completely.
Meanwhile the South African Chamber of
Commerce and Industry said because we have an annual strike season it gives a
poor impression what South Africa
SACCI Chief Operating Officer Peggy
Drodskie said international investors do not want to investor in South Africa
Drodskie said this is very bad for the
country in the sense that many of our trading partners operate on adjusting
time system so that they place orders and they have to be dispatched and sent
to the international trading partners and if we lose that it would be bad for
the country.
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