The world is changing fast and to keep up you need local knowledge with global context.
South Africa’s largest mining union said on Thursday that 11,000 of its members could lose their jobs under planned cost cutting by mining companies.
With prices stuck near a five-year low, traders are turning their back on gold amid muted inflation and a resilient U.S. economy.
Gold’s been mauled this week as commodities sank to a 13-year low. It may get worse, according to Morgan Stanley, – bullion may tumble to $800 an ounce.
Given the current popularity of conspiracy theories in SA, trade unions negotiating for pay hikes believe employers manipulted the gold price. If only.