Northam Offers 5.9% Wage Hike; Talks to Resume Oct. 13

(Corrects date in headline, second paragraph.)

Northam Platinum Ltd. (NHM), the South African producer that had a 43-day wage strike last year, offered workers a 5.9 percent pay increase yesterday, a National Union of Mineworkers negotiator said.

The union is demanding 15 percent, Zwelitsha Tantsi said by mobile phone today. Talks will continue on Oct. 13, he said.

To contact the editor responsible for this story: Carli Lourens at clourens@bloomberg.net

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