• The power of perseverance

    True grit is a reliable predictor of who will achieve success in life, says Ian Mann.

  • It's the system

    The system sucks and it’s being used far too often as an excuse, says Mandi Smallhorne.

  • Web of dependency

    Zupta defenders are playing cat and mouse with ratings agencies, says Solly Moeng.

All data is delayed
See More

Lonmin honoured wage agreement

Feb 05 2013 19:24

Company Data

Lonmin plc [JSE:LON]

Last traded 40
Change -1
% Change -3
Cumulative volume 211314
Market cap 0

Last Updated: 24-05-2016 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Activists march on mining indaba

Lonmin workers query payslips

Lonmin still tense after Marikana deaths

Lonmin rebuilding employee relations

Ramaphosa dumping business interests

Ramaphosa: Take heed of workers' needs

Johannesburg - The wage agreement negotiated for Lonmin [JSE:LON] workers last year has been implemented, Lonmin Platinum said on Tuesday.

"Lonmin honoured the wage agreement of 18 September 2012 and implemented all its provisions in October 2012," Abey Kgotle, Lonmin's executive manager for human capital, said in a statement.

"As wages are complex and staff have slightly different packages, we have established a range of mechanisms to engage staff and explain their payslips."

Kgotle was responding to an open letter to Lonmin by United Democratic Movement leader Bantu Holomisa, who said some Lonmin workers had complained that they had not received their full pay rise.

"Mineworkers claim that they are still paid in accordance with the old salary agreement," Holomisa wrote in the letter.

Lonmin miners reportedly negotiated a 22% pay rise last year after labour unrest, which culminated in the shooting of 34 strikers in August.

Holomisa said: "Nearly four months since this agreement was reached, I am inundated with calls from the mineworkers complaining about the fact the 22 percent salary increase is yet to reflect on their payslips."

Kgotle said the agreement included a signing bonus of R2 000 for employees who returned to work, and an average rise of between 11% and 22% for employees in the total package of workers in the "category four to nine bargaining unit".

It also included an increased basic salary, medical, housing and holiday allowances, and an increased contribution to workers' pension funds.
lonmin  |  wage agreement


Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Would you take out a payday loan?

Previous results · Suggest a vote