Share

Village strikers lose R2m in wages

Johannesburg - Village Main Reef [JSE:VIL] said on Monday the sit-in that started on July 10 at its Consolidated Murchison antimony and gold mine in Limpopo province had been terminated over the weekend.

This follows a joint call from mine management, the office of the Chief Inspector of Mines, the Department of Mineral Resources (DMR), unions and the South African Police Services (Saps) for employees who had waged a sit-in at the Monarch Decline Shaft to return to the surface.

The strike had resulted in revenue losses of some R10.5m, with employees losing a total of R2m in wages, the mine said in a statement on Sens.

Village Main said it had engaged the services of an independent mediator to resolve the dispute between the parties.

The strike over share-based payments began on the eve of industry-wide wage talks between gold producers and trade unions.

Limpopo police had been "on alert" after 200 miners on the surface joined the demonstration by 134 workers underground.

Village Main Reef is one of seven gold producers represented by the industry body in the two-yearly wage negotiations that started almost two weeks ago.

Reuters reported that this round of talks had been billed as the toughest since the end of apartheid, with demands for a doubling of basic pay set against collapsing bullion prices and shrinking profit margins.

The talks normally take two months but this year they are expected to drag out because of a vicious union turf war that sparked strikes last year in which producers lost billions of rands of output and some workers were killed.
We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.01
+0.1%
Rand - Pound
23.78
+0.1%
Rand - Euro
20.39
+0.1%
Rand - Aus dollar
12.43
-0.3%
Rand - Yen
0.12
+0.4%
Platinum
932.30
+0.7%
Palladium
994.50
+0.4%
Gold
2,337.69
+0.2%
Silver
27.59
+0.6%
Brent Crude
89.01
+1.1%
Top 40
68,437
0.0%
All Share
74,329
0.0%
Resource 10
62,119
0.0%
Industrial 25
102,531
0.0%
Financial 15
15,802
0.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders