Mixed news on South African gold miners' strike
Despite confirmed news of wide-scale sackings of striking miners in South Africa, market reports are also saying that South African gold miners and unions have signed a new wage agreement.
Despite confirmed news of wide-scale sackings of striking miners in South Africa, market reports are also saying that South African gold miners and unions have signed a new wage agreement.
Gold Fields, a South African gold miner operating in South Africa, on Wednesday reported that 7,000 of the 8,100 employees dismissed at its KDC East gold mine had lodged appeals against their dismissals. They were given a final ultimatum to return to work or face immediate dismissal.
Having obtained a court order declaring the strikes 'illegal', the company sacked 8,100 of its workers when they did not return to work at its KDC East site.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Harmony Gold Mining, South Africa's third-largest gold producer, has reported that most striking workers are back at work, according to Reuters.
Harmony had given workers until midday on Thursday to return to duty or face immediate dismissal.
It remains to be seen if such tactics can bring a lasting solution to the deep-rooted issues that gave rise to the strikes.
CM
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Revolut launches its first stocks and shares ISA with BlackRock and Vanguard ETFs
A year after getting its UK banking licence, Revolut is now launching its first stocks and shares ISA with a suite of exchange-traded funds (ETFs) from BlackRock and Vanguard.
-
What does Trump’s ‘Big Beautiful Bill’ mean for the US economy?
Donald Trump’s budget bill will slash taxes, but is expected to add at least $3 trillion to US national debt