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IR Update: 25 September 2016

REMUNERATION AND COLLECTIVE BARGAINING Amcu and Sasol The Amcu strike at Sasol Mining is still continuing with Joseph Mathunjwa requesting a meeting with Sasol executive management. However, he failed to turn up for the meeting. Platinum industry Wage talks in the platinum sector is set to drag on into a third month after the [...]

IR Update: 18 September 2016

REMUNERATION AND COLLECTIVE BARGAINING Amcu and Sasol The Amcu strike at Sasol Mining is still continuing with a further meeting scheduled for Monday between the parties. Motor industry and Numsa Numsa dropped its demands for a one-year agreement and a mega bargaining council opening the way for agreement to be reached in the retail [...]

IR Update: 11 September 2016

REMUNERATION AND COLLECTIVE BARGAINING Amcu and Sasol About 1,500 Sasol workers who had travelled by bus from Sasol’s Secunda operations marched to the company’s head office in Rosebank, Johannesburg, to hand over a memorandum.  Amcu commenced strike action after wage negotiations collapsed.  Having rejected a 7% offer, workers are demanding a R12,500 salary adjustment across the [...]

IR Update: 4 September 2016

REMUNERATION AND COLLECTIVE BARGAINING Auto manufacturers Mike Whitfield, president of the National Association of Automobile Manufacturers of SA (Naamsa), said that automakers are confident they are close to closing a wage deal with trade with the National Union of Metalworkers of SA (Numsa) and the Automobile Manufacturers Employers Organisation. The automakers are seeking a [...]