Platinum talks postponed to Friday

2014-01-29 17:52

Talks between platinum producers and trade union Amcu have been postponed to Friday, the Commission for Conciliation, Mediation and Arbitration (CCMA) said.

“It is a positive development that parties have agreed to continue to talk to each other in a mediated process,” CCMA director Nerine Kahn said in a statement today.

The talks were postponed to give parties an opportunity to give feedback and consult their respective constituencies.

The talks, which started on Monday, were aimed at resolving a strike by the Association of Mineworkers and Construction Union (Amcu). It began a protected strike at Lonmin Platinum, Anglo American Platinum and Impala Platinum on Thursday.

The following day, the union, employers, Labour Minister Mildred Oliphant and Mineral Resources Minister Susan Shabangu met at the CCMA’s offices in Joburg.

Amcu is demanding an entry-level monthly salary of R12 500. Employers have said this is unaffordable.

The CEOs of Amplats, Implats, and Lonmin recently said a prolonged strike would probably further damage South Africa’s reputation as an attractive business and investment destination.

On Friday, before the talks began, it was reported that platinum producers had offered wage increases of between eight and 8.5%.

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