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South African government, mining firms agree to delay 16,000 job cuts

A deal struck between South Africa's government, companies and unions has prevented the immediate loss of 16,000 jobs in an industry hurt by a global commodities rout, an official said on Wednesday.

Mining firms, such as Anglo American and Glencore, operating in Africa's most advanced economy are closing shafts and retrenching tens of thousands of workers as the price of platinum, coal and iron ore plunges.

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