Eskom’s largest union’s ultimatum to Andre de Ruyter. If you want our support this is what you need to do…
Alhough union muscle flexing appears in vogue in the difficult South African economy; maybe it is time for the NUM to keep mum on this appointment. For now at least.
Following gruelling negotiations in the world’s largest platinum producing country that unearths nearly 70 per cent of world supply. South Africa’s new platinum pay deal was sealed today after last minute postponements. Joseph Mathunjwa leader of Labour Union AMCU says his organisation will continue to keep a beady eye on the Platinum producers. CNBC Africa’s Kopano Gumbi, spoke to AMCU President, Joseph Mathunjwa.
It took many months of tough negotiation in the world’s largest platinum producing country that unearths nearly. 70 per cent of world supply. South Africa’s new platinum pay deal was sealed this morning after last minute postponements. It all ended without a damaging strike like the one that cost the industry dear in 2014. The dominant union in the platinum industry AMCU inked a new pay deal with top producers Amplats, Implats and Sibanye-Stillwater.
Trade union AMCU alleges that the world’s second largest supplier of Ferrochrome, Samancor, has moved up to $1.9 billion out of the country through profit shifting and illicit financial flows.
The Association of Mineworkers and Construction Union is litigating against the second largest ferrochrome producer in the world Samancor. AMCU has an interest in Samancor through its members in the Ndizani Workers ESOP Trust which indirectly owns 5.6 per cent of the chrome company. The union is accusing the chrome company of profit shifting and fraud. Dr Dick Forslund, a Senior Economist at Alternative Information & Development Centre joins CNBC Africa for more.
The largest union in the platinum sector, AMCU held a press briefing this morning for an update on the ongoing platinum wage negotiations and the upcoming Marikana Massacre commemoration. CNBC Africa reporter Karabo Letlhatlha spoke to Amcu President, Joseph Mathunjwa.
The Association of Mineworkers and Construction Union is demanding R17 000 per month for its employees in the platinum sector. The fresh wage talk demand is in contrast to the many years of a promised R12 500 monthly wage which led to the Marikana massacre in 2012, so how sure are they of their demands being met? AMCU president Joseph Manthunjwa had this to say.
AMCU's Central Executive Committee has announced its intention to meet with the registrar next Tuesday. The trade unions say the attack is political and supports the mining sector. CNBC Africa’s Karabo Letlhatlha shares more insight.