GOLD 1359.77 $/ozChange: -6.05
PLATINUM 1452.00 $/ozChange: -9.70
R/$ exchange 9.46Change: -0.15
R/€ exchange 12.16Change: -0.16
 
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By: Idéle Esterhuizen
Updated 5 hours ago
 
South Africa’s Chamber of Mines (CoM) on Monday confirmed the National Union of Mineworkers’ (NUM’s) wage demand of R7 000 for surface workers and R8 000 for underground workers in the gold mining industry. The demand equates to a 49% increase for surface workers, who currently earn an entry-level wage of R4 700 and a 60% hike on the R5 000 underground worker wage.
 
 
 
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