South Africa Gold Strike Still More Likely Than Not After Pact
- Consultant Eurasia sees 55% chance of action at a top producer
- Any strike may now last 1 to 2 weeks after Monday's pact
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A labor strike at one of South Africa’s top gold producers is still more likely than not even after companies, unions and the government signed a pact this week to address job losses, according to consultant Eurasia Group.
There’s a 55 percent chance that workers will strike at at least one of the largest producers, down from odds of 65 percent before the agreement, New York-based Eurasia analysts Mark Rosenberg and Lily Ghebrai wrote in a note Thursday. They said any strike would probably last one to two weeks compared with two to four weeks previously expected.