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S. Africa Economy Falls in First Quarter

South Africa’s economy shrank more than one-half a percent in the first quarter of the year. It’s the worst performance since the global recession five years ago. Most of the decline is blamed on the country’s prolonged platinum mining strike.   The decline in South Africa’s economy follows a nearly four-percent growth rate in the last quarter of 2013. However, the platinum mining strike is now in its fifth month. The government has made a new pledge to mediate the labor dispute,...

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