THE DEAL

CityPress - - Business -

The “fi­nal” of­fer now on the ta­ble gives work­ers a fixed ex­tra cash amount for each of the three years of the deal, while it leaves ben­e­fits to erode un­der in­fla­tion.

At An­gloGold and Sibanye, it is R1 000 ev­ery year and at Har­mony it is R500.

Be­fore this deal kicks in, the en­try-level wage at the gold mines amounts to roughly R5 787 a month plus a R2 000 liv­ing-out al­lowance for the 50% of the work­force that gets this.

Adding non-cash ben­e­fits to these cash items brings the en­try-level cost of a worker to about R10 000 a month, ac­cord­ing to the Cham­ber of Mines.

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