SEE RESOURCE TIPS ABOVE ON OCT 17 PAGE and 18 Resource News Post (Above)
This might seem to be an odd statement to make,but let us consider the facts.There is one protected (LEGAL)STRIKE OF TRANSPORT WORKERS ON AT THE MOMENT.ITS TWO YEARS SINCE THEIR LAST NEGOTIATIONS.IT INVOLVES 20,000 DRIVERS OF HEAYY VEHICLE TRANSPORT. THE EMPLOYEES ARE OFFERING 7% INCREASE AND THE WORKERS ARE DEMANDING 12%. THEY ARE NOW ENTERING ARBITRATION ,THIS IS ONE OF THE BEST PAYED INDUSTRIES.HOW EVER THEY SEEM TO BE SHIFTING IN THEIR DEMANDS AND A GREAT DEAL OF INTIMIDATION IS GOING ON.THERE IS A POLITICAL MOVE AFOOT TO MAKE THE WHOLE COUNTRY UNGOVERNABLE
FOR THE ILLEGAL STRIKES SEE BELOW notices.
For technical analysis visit Oct 1 blog above
All new page updates are mentioned at the bottom of the INDEX ABOVE
WITH MANUFACTURING FALLING IN CHINA AND JAPAN THERE IS A LOWER DEMAND FOR OIL PRODUCTS.THE PRICE IN ASIA IS BEGINNING TO FALL,WHICH SHOULD HAVE A KNOCK ON EFFECT AROUND THE WORLD SOON
There are various strikes which workers are trying to settle with out UNION help,which is illegal.South African unions are affiliated to the INTERNATIONAL LABOUR ORGANISITION OF THE UNITED NATIONS,and follow their rules to the letter.A firm hand is now being applied by Anglo American Platinum the largest mining group.If workers do not return to work they will be payed off soon .The various gold companies are following the same route .Legal pay negotioations will be held next year.