Gold Fields won't 'entertain' demands

2012-09-18 13:18

Johannesburg - The chief executive of South Africa's third largest gold producer Gold Fields [JSE:GFI] said on Tuesday the group was not willing to consider strikers’ wage demands of a minimum of R12 500 a month for now.

"Clearly at this stage we will not entertain any of that. We have a two year wage deal that expires on the 30th of June next year and as far as I am concerned that's it," Nick Holland told Reuters Insider on Tuesday.

Gold Fields' KDC West operations in South Africa have been halted by an illegal strike since September 10. 

*Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.


  • shirley.steenkamp - 2012-09-18 13:30

    That is thr correct attitude. After every agreement/signing of wage deals,6 months down the line they want more! Someone needs to explain the meaning of "agreement"!

      marc.rule - 2012-09-18 13:56

      They need to be educated first………… ? don’t think that will help.

      merven.halo - 2012-09-18 15:32

      As the US say: we don't negotiate with terrorists, and these striking miners are financial terrorists.

  • VisionRI - 2012-09-18 13:51

    I think we as a country and especially those striking mineworkers need to face reality, no mine in the universe can afford to pay a minimum wage of R12 500. If you now pay them that amount of money, how much money are you willing to pay the people who have a skill set that they studied for and earn R14 000 ? Let's use common sense here please there's no way these people will get such a pay rise but a benefit they frown upon is the possibility of gaining a sponsor for their kids if and when they go to varsity

  • bm.mb.507 - 2012-09-18 13:52

    Just Fire All Of Them

  • sisie.indola - 2012-09-18 13:53

    Good stick by your guns. Since when do workers dictate to their employers - do they have to shuffle the books and take the risks - i don't think so.

  • elgh.elgh - 2012-09-18 13:58

    I bet you the strikers are not aware of the wage deal that was struck on their behalf by their unions that expires next June. Maybe they should knock on their unions door for answers.

      deon.louw.7505 - 2012-09-18 14:16

      I doubt that, unions can not agree on any salaries unless they consulted their members.

  • sidney.gilroy - 2012-09-18 14:03

    He should just have added : They can be replaced. There are 6 million unemployed individuals in South Africa.

  • morris.khunou - 2012-09-18 14:05

    That is the correct approach to this! Nobody should benefit from the killing of people!Otherwise this will set terrible precedence. If salary increases are done let it be at a latter stage but for now just note the concern.

  • deon.louw.7505 - 2012-09-18 14:10

    Well done don't bow down to anarchists, don't offer them a bonus or they will strike every month.

  • tshepo.maganedisa - 2012-09-18 14:23

    For now?????? i would love to hear what you will have to say next week........... oh wait a minute i know, you will be saying the workers are unreasonable, we gave them R1400 bonus and guess what it will all fall into deaf ears by then.Rather do something now before it gets out of hand

      Anton - 2012-09-18 14:30

      @tshepo I agree FIRE THEM

      Ken - 2012-09-18 15:53

      Yes I agree fire them and make sure their name goes in a register so that no one in the mining industry ever hires them or any of their family.

  • christina.setloboko - 2012-09-18 14:28

    sure they forgot about that deal, poor miners.

  • roy.hart.54 - 2012-09-18 14:32

    They are over paid already,also they do not produce what they are paid to do!Inflation-that is why the gold mines cannot make any money or survive,we where the no1 gold producer in the world,now no5 and dropping,mostly due to the cost of producing less gold!All these gold mines will be closed in 5 years max,no more jobs!But they cannot think!

  • hennie.nel3 - 2012-09-18 16:55

    Our problem in SA and the WORLD is that we don't have GOD in our hearts, but became selfish. Let's all pray people...! GOD WILL SAVE US...!

  • irvin.mkhari - 2012-09-18 20:34

    i do not care whether the company production increase or decrease,the miners have a important role they deserve better.

  • pages:
  • 1