Members of AMCU and the NUM gave union leadership a mandate to accept a three-year wage proposal made by the Commission for Conciliation, Mediation and Arbitration (CCMA) to the parties. The proposal mandated is in line with inflation over a three-year period (at an average annual increase of 6.3% total increase) and will contribute to the sustainability of the SibanyeStillwater SA gold operations. The CCMA proposal to the parties includes: • Category 4- 8 employees will receive an increase of R1,000 in year 1 (amounting to a 7.7% increase); R900 in year 2 (amounting to a 6.5% increase); and R750 in year 3 (amounting to a 5.2% increase) • Miners, Artisans and Official will receive an increase of 5% in year 1; *5.5% (or CPI if CPI is between 5% and 5.5% in year 2; and 5% in year 3 *If CPI is greater than 5.5% then the increase will be 5.5%. If CPI is less than 5% then the increase will be 5%. Or if CPI is between 5% and 5.5% then the increase will be the same as CPI. In addition, Category 4 – 8 employees will receive a once off hardship allowance payment of R3,000 of which R1,200 will be a cash payment to employees and R1,800 will be allocated to reduction of debt or loans owing to the Company. For the agreement to be binding and in order for the lock-out to be lifted, the agreement must be formally concluded by Sibanye-Stillwater and the leadership of AMCU and the NUM.
This is expected to take place early next week.
