South Africa steel and engineering strike costs over $28 million a day

A wage strike by 220,000 South African steel and engineering workers which began on Tuesday will cost the economy more than 300 million rand ($28 million) or 0.014 percent of GDP a day, an employers body said.
The local chief executive of a major U.S. car manufacturer had indicated he was under pressure from his head office to close down South African operations and move to a country with a more stable labour environment, the Steel and Engineering Industries Federation of Southern Africa also said in a statement
Reuters