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NUM, UASA and Solidarity unions agree 3-year Harmony Gold wage deal

Harmony Gold signed a three-year wage agreement with South Africa’s National Union of Mineworkers (NUM) and two other unions on Wednesday. Photo: Reuters

Harmony Gold signed a three-year wage agreement with South Africa’s National Union of Mineworkers (NUM) and two other unions on Wednesday. Photo: Reuters

Published Oct 3, 2018

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JOHANNESBURG - Harmony Gold signed a three-year wage agreement with South Africa’s National Union of Mineworkers (NUM) and two other unions on Wednesday, the company and unions said on Wednesday.

Harmony said in a statement that the deal would see a 700 rand ($48.00) a month pay hike in the first year for the lowest-paid underground workers, an increase of about 9 percent according to Reuters’ calculations, almost double the inflation rate. Similar percentage increases follow in the next two years.

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NUM last month inked a three-year wage deal with AngloGold Ashanti that saw a 12 percent pay hike for entry-level underground workers.

Harmony Gold signed a three-year wage agreement with South Africa’s National Union of Mineworkers (NUM) and two other unions on Wednesday. Photo: Bloomberg

Depressed prices and rising costs mean South African mining companies have scant room for big wage hikes but unions maintain the increases come off a low base rooted in the apartheid past when the black labour force was exploited and underpaid.

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REUTERS  

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