SA gold miners and NUM deadlocked over wages | Fin24
  • Another VAT hike?

    Absa warns that govt may again announce an increase in value added tax in next month's Budget.

  • SA Revenue Service

    The tax agency says a unit that tackles illicit financial flows has recovered R2.6bn since April 2019.

  • State Capture Inquiry

    Former Eskom chairperson Zola Tsotsi says Tony Gupta threatened to have him removed.


SA gold miners and NUM deadlocked over wages

Aug 22 2018 10:09
Paul Burkhardt, Bloomberg

National Union of Mineworkers (NUM), said it’s deadlocked over pay with the producers after numerous rounds of negotiations.

The dispute will be referred to the Commission for Conciliation, Mediation and Arbitration (CCMA) and sets the path toward a legal, protected strike, the NUM said in an emailed statement on Tuesday.

The union has had seven meetings since pay talks started last month with gold producers, including Sibanye Gold [JSE:SGL] and AngloGold Ashanti [JSE:ANG], said NUM General Secretary David Sipunzi.

“We have reached a stage whereby we understand that the employers are not prepared to give a better offer to the employees,” he said.

South Africa’s gold mines are the world’s deepest and among the most labour intensive, leaving producers struggling to reduce costs. The companies involved in the collective bargaining directly employ about 80 000 workers, according to Minerals Council South Africa, a lobby group for the producers.

The NUM is demanding R9 450 a month for surface workers, R10 450 for underground workers and a 14.5% increase for miners, artisans and officials.

The Solidarity union also rejected the latest offers “in principle,” but will continue with negotiations, it said in a separate emailed statement. 

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER

anglo gold ashanti  |  num  |  sibanye gold  |  mining  |  companies


Company Snapshot

Voting Booth

How concerned are you about ransomware attacks?

Previous results · Suggest a vote