BUSINESS MAVERICK: Amcu again says that platinum wage deals will be signed

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BUSINESS MAVERICK: Amcu again says that platinum wage deals will be signed By Ed Stoddard

If all goes according to plan, at 10am on Friday in Rosebank, Johannesburg South Africa’s big three platinum producers — Anglo American Platinum , Impala Platinum and Sibanye-Stillwater — will sign wage agreements with Amcu. Other unions are also on board. That will conclude the 2019 round of wage talks, which were accomplished without a protracted and violent strike, the last thing that South Africa’s ailing economy needs right now.

In short, the heavens were lined up for a strike-free outcome. Expect Amcu’s charismatic leader Joseph Mathunjwa, who is a devout Christian from a Salvation Army background, to make biblical references on Friday — provided he does not evoke the satanic forces of white monopoly capital and pull out at the last minute.

 

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