South African strikes to spread to gold sector

By REUTERS
July 26, 2011 10:43

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

JOHANNESBURG - South African gold miners will be the latest to join nationwide industrial action this week when they join thousands of workers already on strike and threaten supply of the precious metal at a time when gold is at record highs.

The powerful National Union of Mineworkers (NUM) wants a 14 percent increases in wages from gold employers -- including AngloGold Ashanti, Gold Fields and Harmony, which have offered rises between 7 and 9 percent.

"We are disappointed by the decision taken by the unions. The offers made by employers today were a big jump from where we were the last time and were made as an indication of commitment by employers to reach a resolution with the unions," Elize Strydom, the chamber of mines' negotiator for the gold sector, said in a statement issued late on Monday.

Hundreds of thousands of workers across the country have downed tools in recent weeks, or are threatening to do so, seeking raises double or triple the 5 percent inflation rate in the mid-year bargaining session known as "strike season".

Related Content

Breaking news
July 18, 2018
China cuts Air China's flight hours, launches safety review after incident

By REUTERS