Trade union Uasa has signed a five-year wage agreement with the management of the Cullinan mine, owned by London-listed Petra Diamonds.
The agreement, effective from July 1, 2023, to July 1, 2028, stipulates a 5.5% or consumer price inflation (CPI) increase for entry-level (C Lower) employees for the first three years and a 6% increase in years four and five.
C Upper employees will receive a 5% or CPI increase annually for the first three years, and a 5.25% or CPI increase in years four and five.
Additionally, the company’s pension fund contribution for C Upper employees will increase by 0.5%, from 7.5% to 8%, for the duration of the agreement.
Uasa welcomed the agreement with Petra Diamonds, highlighting the success of collective bargaining. “The mining industry remains the backbone of South Africa, and we believe that such a positive increase will significantly contribute to the livelihood and wellbeing of our members and all workers employed in the organisation,” the union stated.
