High food and fuel prices have prompted trade unions to make bigger wage demands, which will exert upward pressure on longer-term inflation.(Photo by EMMANUEL CROSET/AFP via Getty Images)
Workers in South Africa are taking on their employers in what have already proven to be tense wage negotiations.
Last week, steel giant ArcelorMittal struck a deal with unions that will see workers earn a 6.5% increase across the board. Although the number ArcelorMittal and unions landed on was lower than the initial demand of 10%, workers will still receive an above-inflation increase.
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