Tuesday, 16 July 2013

Wage demands between 10-150% in the mining industry in South Africa

Unions demand wage increases as high as 150% and mining leadership offer 4% (when we have a CPI of around 5.9%).

The above seems to be a major challenge for the unions and management to pay a realistic wage which will be affordable in the current economic situation.

The unions will not accept any increase lower than double figures and management will not be able to afford much more than CPI.

What is a realistic % affordable wage increase?