• 10 tips to find bargains

    Susan Erasmus gives advice on how bargain hunters can get the most bang for their buck.

  • Inside Labour

    Labour's bitter breaches need to be seen in historical context, says Terry Bell.

  • Rich getting richer

    Economists differ on how to tackle the chasm between rich and poor, says Leopold Scholtz.

Loading...
See More

Wage increase for coal sector

Nov 07 2012 13:02

Company Data

EXXARO RESOURCES LIMITED [JSE:EXX]

Last traded 98
Change 7
% Change 8
Cumulative volume 1052551
Market cap 0

Last Updated: 24-04-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Forbes Coal workers to march

Transnet: Prices hitting coal exports

Flurry of SA coal trades

Coal strike worries Gigaba, Eskom

Coal strikes could hit power supply

Coal of Africa miners get 26% increase

 
Johannesburg - A wage increase agreement in the coal industry was signed in Johannesburg on Wednesday.

An entry-level hike of 5% was included in an existing agreement and would affect all coal mining companies under the Chamber of Mines, said Frans Baleni, general secretary of the National Union of Mineworkers.

The agreement was signed by the NUM, the Chamber of Mines, Solidarity, and Uasa. A R2 000 once-off "sweetener", after tax, would be paid out next month.

Exxaro [JSE:EXX] decided that instead of the R2 000, it would give lower category workers a 2% increase, and higher category workers 1%.

Baleni said the sweetener was an attempt to strengthen the collective bargaining framework.

exxaro  |  coal  |  wage deal

 
 
 

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
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

Business tips from the world’s billionaires

We share some of the world's most successful people's greatest tips and who knows, this might just lead you to your first million!

 
 

Luxury living

5 millionaires turned murderers
The youngest billionaires in the world and how they made it
Watch: Flying first class has never been this luxurious!
What to expect inside a royal nursery

Money Clinic

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

Voting Booth

How do you see your boss? He/sheis:

Previous results · Suggest a vote

Loading...