Zimbabwe central banker stockpiles gold to bolster ZiG currency
The ZiG - short for Zimbabwe gold — is the nation’s sixth attempt at having a functioning local currency in the last 15 years.
Lonmin has lost approximately $95 million worth of output due to the ongoing strike at its South African operations.
Striking workers are demanding a wage increase to R12,500 ($1,500).
Analysts estimate that the wage increase, if enacted, would wipe out the company’s already thin margins.
Source (English): Reuters India
