[miningmx.com] – SOUTH Africa’s gold mining companies were likely to offer below inflation wage increases when they table their offers today, said BDLive which cited analysts as saying the sector couldn’t afford double-digit increases.
Inflation was about 5.6%.
“At the prevailing gold price, gold miners are already under pressure to sustain operations and will struggle to grant double-digit wage increases sought by the unions,” Investec’s Kamilla Kaplan said last week.
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