Unions Solidarity, Amcu and Uasa have signed a three-year wage deal with AngloGold Ashanti while the largest union in the sector, the National Union of Mineworkers (NUM), will continue negotiating. The deal stands at a 6.5% increase per year for miners and a R1,000 increase for skilled workers. Motsamai Motlhamme, the chief negotiator for gold producers at the Minerals Council SA, joined Business Day TV, to discuss the effect of above-inflation wage increases on gold producers.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.