Gold Companies Improve Wage Offer to South African Unions
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South Africa’s biggest gold producers improved their wage offers in a final push to reach an agreement in talks that began in June.
AngloGold Ashanti Ltd. and Sibanye Gold Ltd. proposed to raise monthly pay for entry-level workers by 1,000 rand ($79) annually for the three years started July 1, 2015, they said Thursday in a statement. Harmony Gold Mining Co. offered a 500-rand increase. Basic pay is currently about 5,800 rand. Living-out allowances will be raised by 100 rand in the first year from 2,000 rand now.