ANC Calls For National Platinum Mine Strikes

Reuters reported a member of the  ANC has called for platinum mine strikes across South Africa.

As quoted in the market news:

ANC renegade Julius Malema called on Tuesday for a national strike in South Africa’s mining sector, stirring fear of an escalation in the labor unrest already buffeting the platinum and gold industries in the continent’s largest economy.

The flagship sector has been hit by a walkout that culminated in mid-August in violence between striking miners and police that killed 44 people. Of these, 34 were miners shot in a single day by police at the Marikana mine of Lonmin, the world’s No. 3 platinum producer.

Click here to read the full Reuters report.