Advertisement
UK markets closed

  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     

  • FTSE 250

    20,164.54
    +112.21 (+0.56%)
     

  • AIM

    771.53
    +3.42 (+0.45%)
     

  • GBP/EUR

    1.1652
    -0.0031 (-0.26%)
     

  • GBP/USD

    1.2546
    +0.0013 (+0.11%)
     

  • Bitcoin GBP

    51,255.27
    +503.12 (+0.99%)
     

  • CMC Crypto 200

    1,336.75
    +59.77 (+4.68%)
     

  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     

  • DOW

    38,675.68
    +450.02 (+1.18%)
     

  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     

  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     

  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     

  • HANG SENG

    18,475.92
    +268.79 (+1.48%)
     

  • DAX

    18,001.60
    +105.10 (+0.59%)
     

  • CAC 40

    7,957.57
    +42.92 (+0.54%)
     
BRANDS:

Meet one of the UK’s largest unknown start-ups

Video editing platform Veed has grown to 10 million users

South Africa's labour market worrying: Gordhan

Reuters
Miners are seen underground at Lonmin Plc's Karee mine in Marikana, Rustenburg 100 km (62 miles) northwest of Johannesburg, March 5, 2013. REUTERS/Siphiwe Sibeko (Reuters)

JOHANNESBURG (Reuters) - Finance Minister Pravin Gordhan said on Tuesday he was concerned about South Africa's volatile labour market, which has been plagued by strikes and above inflation wage demands despite a barely growing economy. Gordhan told a bankers conference that he was however happy that the situation seemed to be stabilising. Wage negotiations are taking place in the power, automotive and mining sectors, with initial demands ranging from 13 to 20 percent while inflation stands at 6.3 percent. (Reporting by Stella Mapenzauswa; Writing by Mfuneko Toyana; Editing by James Macharia)