Fin24

NUM makes pay deal breakthrough

2012-10-25 11:03

Johannesburg - The National Union of Mineworkers (NUM) said on Thursday it had reached a wage deal with the Chamber of Mines that raises gold miners’ pay by a cumulative 11% - 20.8%.

NUM said entry levels positions would now receive R5 000 a month, from R4 840 previously.

“The latest adjustments, on top of earlier pay rises applicable from July 1, 2012, lift wage rates by a cumulative 11% to 20.8%,” NUM said in a statement.

Miners working for AngloGold Ashanti [JSE:ANG], Harmony Gold Mining Company [JSE:HAR] and Gold Fields [JSE:GFI] would benefit from the new pay structure, it said.


Comments
  • frank.vankaapstad - 2012-10-25 11:18

    R5,000 is a long way off from the R12,500 they were looking for. Don't think the workers are going to be pleased with their overpaid corrupt union representatives. Eish

      tebellobontlesenekal.pholoana - 2012-10-25 16:35

      Chamber this is joke and game.we work underground and we spend 9 hours underground it is risk for person to live underground,we don't found bonus again we use transport plus food hom much it cost this thing,I think we going to sign deal of R9500 per month 4 all group who work underground 4Rm group 3 untill group 7.to face trueth NUM doesn't work and doesn't care about employeers.soo or late NUM goeng to be down jst luuk and see

  • simon.stamp.98 - 2012-10-25 11:44

    So will this be a signed binding wage agreement,to replace the previous stil valid signed and binding wage agreement? Wonder how long before this one will be torn-up.

  • Japie Mokwena - 2012-10-25 12:22

    Thats NUM for u,ppl want money & they get them %. Do the knw how much the food costs in %.Give us the money plz

  • nyiko.ngobeni.5011 - 2012-10-25 12:42

    Num didn't ask for 12500. Amcu did. I can see why workers are dumping Num. how can u call a 200 pm increase a landmark deal? Compared to marikana where minimum is about 11000 this is a joke. Not long ago Vavi was singing about 12000 pm. Num is a joke

  • mokonepertunia.sedio - 2012-10-25 14:12

    This is a joke. So our brother died for R160? or maybe i misread the article. This is crazy!!!!1

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