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De Beers agrees five-year wage deal with NUM - SABC News - Breaking news, special reports, world, business,

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The increase takes the minimum entry level basic wage to R17 630 per month.

Anglo American Plc’s De Beers on Thursday signed a five-year wage deal with the National Union of Mineworkers which represents workers at its South African diamond operations.

The increase takes the minimum entry level basic wage to R17 630 per month, excluding allowances, De Beers said in a statement. De Beers Group Managed Operations Managing Director Moses Madondo said the wage talks had been “very tough” as they took place during challenging market conditions for the global diamond industry.

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