CLEAN : Analyst comments on South Africa mine stri

The video discusses South Africa's economic challenges, highlighting its trade deficit and the impact on the Rand and inflation. It covers labor issues, focusing on AMCU's wage demands and the potential shift to automation. The history of union violence and worker dissatisfaction due to unmet social expectations is explored. Finally, the video assesses the risk of future protests, concluding that a large-scale uprising is unlikely.

What percentage of South Africa's GDP is represented by its exports?

• More than 30%

• Less than 10%

• Over 50%

• About 20%

What is the AMCU demanding for unskilled workers?

• Increased job security

• A reduction in working hours

• A minimum wage of 12,500 Rand

• Better working conditions

Why might mining companies consider automation?

• To improve safety standards

• To reduce environmental impact

• To avoid labor strikes

• To increase production

What has been a historical characteristic of South African unions?

• Peaceful negotiations

• Rapid growth in membership

• High levels of violence

• Strong government support

How does the speaker assess the risk of a North African Arab Spring-like event in South Africa?

• Very high risk

• Moderate risk

• No risk at all

• Low level risk