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Troubles in South Africa’s mining sector start to affect the economy

Posted on 15 October 2012

As the turmoil in South Africa’s mining sector continues, the economic toll is becoming clearer. With the strikes spreading beyond the natural resources companies, worries over economic paralysis have brought the South African rand to a more than three-year low against the dollar.
Then on Friday, rating agency Standard & Poor’s cut the country’s credit rating by once notch, following rival Moody’s downgrade of the country last month which had marked its first since the end of apartheid………………………………………..Full Article: Source


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VRS - who has written 39433 posts on Opalesque Commodities Briefing.


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