How will S. Africa mine unrest effect jobs in Africa?

(AFP)— Thousands of miners returned to work on Thursday at Anglo American Platinum, ending the most devastating and costly labour strike in South Africa in nearly a century.

 

Estimates put the cost of the strikes at $1.2 billion, roughly one percent of quarterly gross domestic product (GDP). This is seriously going to hurt jobs in South Africa and dampen creation of more vacancies in Africa in the near future.

 

Mine operators were already buckling under low mineral prices and high production costs and as they count their losses many workers now face the prospect of job losses.

Miners are likely to hold on to their jobs for now, but some are likely to be laid off once companies work out their long term plans, having factored in the impact of the strike.

 

Africa recruitment agencies are employed to find the best of talent who are looking for careers in Africa to fill vacancies in Africa but Jobs in Africa for are scarce. For example, there are no jobs in South Africa for a quarter of the population.

 

Loss of jobs in Africa in the mining sector will be a massive setback. It is one of the largest employers in South Africa and currently employs 500,000 people directly.

 

Investors have been put off and this is “probably going to be on an all-time low” in terms of foreign direct investment inflows.

 

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