Flash Briefing: JSE food producers perk up, mining stocks take a hit; Boeing drifts on safety ...

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- biznews.com | 7 months ago

Mining stocks took a knock on Monday, with the Amplats price dropping by nearly 6% and the Implats share price not far behind.

Mining analysts are concerned that a move by the government to deregister trade union AMCU could create chaos in the mining sector. AMCU has been at loggerheads with the Nation Union of Mineworkers, with the Economic Freedom Fighters suggesting that the government is trying to deregister AMCU to bolster NUM.

NUM, is the union started by President Cyril Ramaphosa in the early 1980s and AMCU criticised NUM for being too close to the ANC and big business.

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