Lost Gold Output Could Cost South Africa $35M a Day

Gold strikes starting this week in South Africa could cost the country $35 million a day, Nasdaq reports in a video.

As quoted by the market news:

After protests last week they were due to stage widespread strikes this week over pay – arguing their salaries haven’t kept up with inflation. Producers, squeezed by rising costs and falling prices, have offered 6.5%. But the hardline union AMCU wants a 150% increase and the main National Union of Mineworkers 60 percent.

Click here for the full video, as per Nasdaq