Trouble continues in the mines of South Africa. With more than 200 deaths in the past year, workers became angry about the unsafe working conditions and went on strike for a day. Unions are encouraging firms to spend more on safety and force the government to prosecute negligent mine owners. The parties (workers unions and firms/government?) have agreed to sit down soon and work out some safety improvements and stuff. Hopefully things will improve quickly so that workers can get back to work and South Africa can recover a large part of their GDP.
Apparently, there is also significant inflation in South Africa, but some people view this as a positive thing. Food and oil prices are up, and Mboweni says that they'll just have to deal with those problems because inflation targeting (inflation control by a central bank) will "never go away."
The countries in southern Africa have been growing and looking to diversify their own economic choices in view of the creation of the SADC area of free exchange, which should come into play in 2008. South Africa has the strongest economy and recently witnessed the implementation of the new regularisation of the credit system, which could have an influence over the entire area.
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