Petra Diamonds’ management of the Cullinan mine in South Africa has signed a five-year wage agreement with trade union Uasa.
The deal applies from July 1, this year, to July 1, 2028.
The agreement stipulates a 5.5% or consumer price inflation (CPI) increase for entry-level, or C Lower, employees in the initial three years, and a 6% increase in years four and five.
In the initial three years of the agreement, C Upper employees will earn a 5% or CPI rise annually, and a 5.25% or CPI increase in the fourth and fifth years.
For the term of the agreement, the company's pension fund contribution for C Upper employees will increase by 0.5%, from 7.5% to 8%.
Uasa welcomes the agreement with Petra and says collective bargaining has prevailed.
“The mining industry remains the backbone of South Africa, and we believe that such a positive increase will positively contribute to the livelihood and wellbeing of our members and all workers employed in the organisation,” said the union.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
