THE DEAL

CityPress - - Business -

Graph­ics24 The deals with the three com­pa­nies dif­fer in rel­a­tively mi­nor ways, but all fea­ture the same core in­crease to the ba­sic wage: R1 000 per year for three years.

This will raise the lowest ba­sic wage for un­der­ground work­ers from R8 000 to R11 000 by July 2018 at An­glo/Sibanye and Im­pala.

At Lon­min, where wages are slightly higher due to a hasty deal fol­low­ing the Marikana mas­sacre, the ba­sic wage will rise from R8 700 to R11 700.

The hous­ing al­lowance of be­tween R2 000 and R2 500 will only in­crease by 5% or less ev­ery year.

Im­por­tantly, prov­i­dent fund con­tri­bu­tions will be cal­cu­lated off a lower base than ba­sic wages, ris­ing by more or less in­fla­tion.

Both Lon­min and Im­pala now recog­nise no other unions but Amcu.

At Im­pala, the NUM now has about 3.5% of work­ers as mem­bers, ac­cord­ing to Theron. At Lon­min, it was like­wise be­low 5%, said Magara.

At An­glo­plat, the mi­nor­ity unions are recog­nised, but Amcu’s ma­jor­ity is large enough to let it uni­lat­er­ally im­pose its wage deal on all work­ers in any case.

The deal with An­glo is also now Sibanye Gold’s baby as the sale of An­glo’s Rusten­burg plat­inum mines gets fi­nalised this week.

Mathun­jwa sug­gested that Amcu was al­ready on guard against any pos­si­ble re­trench­ments at the Rusten­burg mines once Sibanye takes the reins.

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