Action that has already cost workers more than R1bn will enter its tenth week on Wednesday
Members of NUM and Amcu hold placards outside Sibanye-Stillwater’s Kloof Mine in the southwest of Johannesburg in this file photo. Picture: REUTERS/SIPHIWE SIBEKO
The strike, which has put the spotlight on executive pay as unions pointed to CEO Neal Froneman’s R300m pay package to challenge the company’s argument that it can’t afford the increases, is just one case of labour instability as workers seek to be compensated for the effect of surging prices. The offer translates to an increase of 7.8% in basic wages in the first year, 7.2% in the second, followed by 6.8% in the third year, above the central bank’s 3%-6% inflation target.
NUM general secretary William Mabapa said: “For now we are still in discussions. Our mandate is a R1,000 increase [per month] for three years.”The two unions, which jointly represent about 25,000 of the 31,000 employees at Sibanye’s gold operations, have hit out at Froneman’s pay. He has pointed to the company’s performance to justify it.
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