Impacts of recurring mining strikes on South Africa's economy

South Africa's rand, tumbled to a four-year low against the dollar on Thursday over fears of a strike at Anglo American Platinum (Amplats). The currency fell as low as 9.4334, its lowest since April 2009 when emerging markets were still reeling from the effects of the global financial crisis. The country's mining industry can ill afford to offer wage rises during talks that are about to start with a new and unpredictable union, said Impala Platinum on Friday. The world's biggest platinum producing country hopes to avoid the 2012 strike action that cost billions in lost revenue and production. TVC News Jody Jacobs reports from South Africa.