for subscribers

NUM inks 3-yr wage deal with Sibanye Gold

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Johannesburg - The National Union of Mineworkers (NUM) has signed a three-year wage agreement with gold miner Sibanye Gold, the union said late on Wednesday.

This agreement is effective from 1 of July 2015 to 30 June 2018. The Chamber of Mines was negotiating on behalf of Sibanye Gold [JSE:SGL].

Sibanye is, however, yet to agree on a deal with the Association of Mineworkers and Construction (Amcu). Amcu, the second largest union in the gold sector, has said that it is ready to call a strike at gold operations.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
17.63
(-0.04)
ZAR/GBP
23.01
(-0.05)
ZAR/EUR
20.79
(-0.01)
ZAR/AUD
12.62
(-0.03)
ZAR/JPY
0.17
(-0.01)
Gold
2034.21
(+0.05)
Silver
28.28
(+0.09)
Platinum
961.50
(+0.38)
Brent Crude
44.55
(-1.53)
Palladium
2166.01
(+0.63)
All Share
56757.73
(-1.56)
Top 40
52435.65
(-1.72)
Financial 15
9897.96
(+0.10)
Industrial 25
74671.49
(-1.98)
Resource 10
58948.78
(-1.89)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 934 votes
It depends on how the funds are used.
74% - 6256 votes
No. We should have gotten the loan elsewhere.
15% - 1285 votes
Vote