Pan African concludes multi-year wage agreement at Barberton mines
JSE-listed Pan African Resources announced that its Barberton Mines operation has successfully concluded a three-year wage agreement with the National Union of Mineworkers (NUM) and a five-year wage agreement with Uasa.
NUM and Uasa represent the majority of employees at Barberton Mines.
The NUM agreement provides for an average yearly wage increase of about 5.6%, compound yearly, for the bargaining unit over a three-year term, effective from July 1 and terminating on June 30, 2024.
The Uasa agreement is effective from July 21 and terminates on June 30, 2026.
It provides for an average yearly increase of 5% for years one and two; an average yearly increase of 5% or the yearly South African consumer price inflation rate (CPI), whichever is higher, capped at 6%, for year three; and an average yearly increase of 5% or CPI, whichever is higher, capped at 6%, for years four and five.
The parties have, however, agreed to renegotiate these increases in the event of CPI being lower than 4% or higher than 7.5%, for years four and five.
Assuming a CPI rate of 5% for the initial three-year period, the above mentioned wage increases will result in an average yearly increase of about 5.4%, compound yearly, for these bargaining units over the period.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Showroom
ATI systems comprises five divisions: electrical assemblies, drives and controls, feedback sensors, enclosures, and strip guiding.
VISIT SHOWROOM
Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
