Deputy President Cyril Ramaphosa announced on Friday that a National Labour Relations Indaba would be convened in November to enable the social partners to begin grappling with the root causes of South Africa’s prevailing hostile labour rations environment, which was sapping confidence and weighing on growth, employment and investment prospects. Labour market instability was cited, along with weak economic growth and electricity shortages, as a major reason for recent downgrades in the country’s credit rating. South Africa experienced a protracted platinum-sector strike in the first few months of the year, which coincided with a first-quarter economic...
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