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NUM is fuming after "insulting" wage offer from gold sector

The National Union of Mineworkers (NUM) is fuming after the first offer presented to it by employers this week, as the gold sector negotiations continue.

Gold sector tables first wage offer to unions

South African gold companies are offering Category 4 underground employees a salary increase of between 5.5 and 6.5 percent, while miners, artisans and officials have been offered an increment of between 3 and 4.5 percent.

75 percent of South African gold mines unprofitable

Chief negotiator for the Minerals Council, Motsamai Motlhamme, said trade unions must not labour under the misapprehension that the country's gold sector has cash to splash.

End in sight in Eskom wage negotiations?

The end may be in sight for wage negotiations currently underway at power utility, Eskom.

Non-paying Free State municipalities facing power cuts

Municipalities in the Free State who have failed to honour a payment agreement with power utility Eskom have been threatened with power cuts.

Miners killed in Phalaborwa mine accident identified

The six miners who were killed in a mining accident on Sunday have been identified.

Economics Weekly Update - All eyes on MPC meeting

This week will see all eyes focused on the July Monetary Policy Committee (MPC) scheduled for Thursday.

Securities Week Ahead - July 13

During the week ahead, the release of second-quarter results from some major corporations can be expected, while a few will be hosting their AGMs.

PIC must be included in VBS corruption investigation

The Democratic Alliance has called for the Public Investment Corporation to be included in the investigation into reports of corruption at VBS Mutual Bank.

Fire in an underground mine kills five miners

The Palaborwa Copper mine in Limpopo on Sunday reported that five miners have died after being trapped underground at the mine.

Eskom in waiting mode as unions consider revised offer

Wage negotiations between power utility Eskom and unions have not yet been concluded, as unions are meeting with their members to consider the current offer on the table.
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