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NUM seeks 15% wage hike from gold miners

Over the three-year period.
Image: Chris Ratcliffe, Bloomberg

South Africa’s National Union of Mineworkers (NUM) said on Wednesday it planned to seek a 15% annual wage hike in gold sector over the three year period.

Higher bullion prices, which reached a record in August last year, boosted 2020 earnings and offered gold miners a lifeline following production disruptions because of the Covid-19 pandemic.

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Of course they do. Why wouldn’t they?

The diggers are conflating employment with shareholding. They should be thankful that they are employed while many are starving here due to unemployment. With bitcoin possibly limiting future gold demand future increases may be minus 100%!

Couldn’t happen to a nicer crowd-the selfishness-while unemployment soars!

I don’t have the words.

NUM what about 100% or 300%? I would go for 100000000%

The rest of us are lucky to to 4% or -100% (For the unemployed)

End of comments.

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