Strikers Return to Work as S.African Unions Accept Wage Deal

Reuters reported that South African unions struck a wage deal with the mines, and most of the striking workers have returned to work.

As quoted in the market report:

The returns marked success of a sort for a new tough approach by mining firms, but at least 12,000 gold and 20,000 platinum miners were still pursuing a wave of unofficial strikes that have cost Africa’s largest economy over 10 billion rand ($1.14 billion) this year, according to the National Treasury.

To view the whole Reuters report, click here.