A reminder that strikes in South Africa keep ticking along: miner Coal of Africa has been hit by a walkout over the suspension of four workers, with work stopping at its Mooiplaats mine.
Unsurprisingly, the shares have been hit hard: down at one stage nearly 9 per cent in Johannesburg and 9.8 per cent in London. Prices have recovered a little, to around 7 per cent down on both exchanges. (The primary listing is in Australia.) Continue reading »