[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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Helderberg Mountain fire rages on - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Image: SABC News Firefighters are still battling flames on the Helderberg Mountain near Somerset West, outside Cape Town, after strong winds caused flareups overnight. According to Cape Town Fire and Rescue Service spokesperson Jermaine Carelse, “the flames have spread into the local nature reserve.” No property has however been damaged at this stage, however firefighters …
Source: SABCNews - 🏆 37. / 51 Read more »
Russia opens rebranded McDonald's restaurants - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.It might look and smell like McDonald’s but now it’s Vkusno & tochka. The golden arches are gone, the Fillet-O-Fish is simply a fish burger. The Big Mac has left Russia. 𝘐𝘵 𝘭𝘰𝘰𝘬𝘴 𝘭𝘪𝘬𝘦 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘢𝘴 𝘶𝘴𝘶𝘢𝘭. Zs The owners of Vkusno & tochka have men like Joe Biden to thank. This is a big opportunity for them.
Source: SABCNews - 🏆 37. / 51 Read more »
ANC is under siege: Mantashe - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.African National Congress’s (ANC) national chairperson Gwede Mantashe told party members at a meeting in Welkom that the organisation was under siege. Lol 🤣🤣🤣 Under siege from who, under siege by itself, we will not allow SA to be a mafia clan and a fail state
Source: SABCNews - 🏆 37. / 51 Read more »