Business
Strike-averting wage deal with platinum mines hailed as fair for all
Basic monthly increase of R1,000 seen as a good compromise for workers and three big producers
After four months of negotiations the platinum sector has managed to avert a strike as three major producers inked a wage deal with the majority union.
At a ceremony on Friday, the Association of Mineworkers and Construction Union (Amcu) signed the deal with platinum miners Anglo American Platinum (Amplats), Impala Platinum and Sibanye-Stillwater.
The settlement has been upheld by the parties as fair and in the medium term is expected to bring stability to a sector that has been a hot spot since tensions culminated in the Marikana massacre in August 2012 when police killed 34 protesters...
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