AFRICA INVESTMENT-South Africa labour strife creating vicious cycle

Newswire

By Ed Stoddard JOHANNESBURG, May 29 (Reuters) - Labour unrest in South Africa's mines, which threatens to spread to bigger sectors like manufacturing, is plunging the economy into a vicious cycle that may spiral into stagflation, disinvestment and more social upheaval. South Africa's rand has lost 16 percent against the dollar so far in 2013 and hit new four-year lows this week, with mining worries triggering the latest sell-off - which picked up pace on Tuesday ...

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