[File Image] Miners work deep underground at Sibanye Gold's Masimthembe shaft in Westonaria, South Africa, April 3, 2017.[File Image] Miners work deep underground at Sibanye Gold's Masimthembe shaft in Westonaria, South Africa, April 3, 2017.following the signing of a three-year wage agreement with unions.
This includes a R3 000 ex-gratia payment to all categories of employees. The agreement, signed on Saturday, ends a three-month-long strike by the National Union of Mineworkers and the Association of Mineworkers and Construction Union which started in March.NUM spokesperson Livhuwani Mammburu says miners are still not happy about the R300-million bonus paid to CEO Neal Froneman in 2021.
“That is what led to the strike, that executives at Sibanye Stillwater are earning a lot of money. Even when the gold price is doing well in the international market, there is no profit share when it comes to that, it’s only the executives that benefit. Workers are not happy about that R300 million bonus that was earned by the CEO and the arrogance that it displayed trying to justify earning of that kind of money,” says Mammburu.
peterbroggs This didn't benefit workers.
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