Business: Goldmines in Position to Pay Decent Wage Increases
Recent Gauteng Business News
“Moreover, gold producers are benefited by the PPI inflation which dropped to 5,8% for March, resulting in lower input costs. This is supported by the gold price that is trading at strong levels, making a significant wage increase possible,” Kleynhans stressed.
Solidarity’s demands include a wage increase of 15%, the re-introduction of a service increment for officials and an improvement in the standby allowance of 8% of the basic salary. In addition, Solidarity demands that a standby allowance be introduced for officials. In respect of shift allowances, the trade union demands that wages be improved to 6% of the basic salary for afternoon shifts, to 10% of the basic salary for night shifts and to 8% of the basic salary for split shifts. Payment for home ownership must be improved to market-related bond payment rates and the living-out allowance must be improved to market-related rental rates. In respect of medical aid schemes, the trade union asks for freedom of choice and that the processes by centralised at the Chamber. Furthermore, the trade union demands that contractors and labour hire companies be regulated by the codes determined by the Chamber.
Negotiations in this sector will continue on 3 June.
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