South Africa’s work days lost due to strike action rose more than 30-fold in the six months through June compared with the same period a year earlier, driving up wage settlements between labor unions and companies.
Africa’s most industrialized economy lost 1.6 million work days due to industrial action in the first half of 2022, up from 45,000 in the prior year, data in South African Reserve Bank’s Quarterly Bulletin published Tuesday show. The figure is calculated by multiplying the number of employees on strike with the days they were absent from work, the central bank said in response to emailed questions.
