Business Report writes Royal Bafokeng Platinum (RBPlat), which posted a hefty R164 million net loss in the six months to June on teething problems at its Styldrift mine, is facing a 25 percent wage hike demand from the National Union of Mineworkers (NUM). RBPlat chief executive Steve Phiri said wage talks had begun last week. “We are hoping the wage negotiation will yield positive results,” Phiri said. Geoffrey Moatshe, the NUM’s regional chairperson, said the union would demand a 25 percent increase in wages across the board at a meeting with the company today as well as an R8 000 monthly housing allowance. “We want the company to do away with the living out allowance, because it has resulted in the mushrooming of shanty towns,” said Moatshe, adding the company would negotiate responsibly.
by Dineo Faku