Platinum miners have been in talks with employers, who are trying to head off strikes in the this vital sector.

Talks are expected this week between the powerful National Union of Mineworkers (NUM) and the world's top two platinum producers, Anglo American Platinum and Impala Platinum (Implats).

Since South Africa is the biggest producer of the precious metal used in jewellery and catalytic converters for cars, any strike would probably have an impact on global platinum prices.

The NUM said on Saturday that Implats had improved its pay rise offer to between 8% and 10%, but the labour group wants bigger, double-digit, increases.


Shayne Heffernan

Shayne Heffernan oversees the management of funds for institutions and high net worth individuals.

Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.