JSE-listed Sibanye-Stillwater has announced the successful conclusion of wage negotiations at its South African (SA) gold operations, which began in July 2025. A three-year agreement has been reached with the representative unions — the Association of Mineworkers and Construction Union (AMCU), the National Union of Mineworkers (NUM), UASA, and Solidarity — regarding annual wage and benefit increases for the SA gold employees.
The agreement is effective for three years from 1 July 2025 to 30 June 2028, with the estimated average three-year basic wage increase for the total bargaining-unit wage bill, including all benefits, approximately 5.4% per annum. Category 4- 8 employees will receive an increase on the greater of the standard rate of pay of R850 or 4.5% in year 1; R900 or 4.8% in year 2; and R1,000 or 5.0% in year 3 while miners, artisans and officials will receive increases of 4.5% in year 1, 4.8% in year 2 and 5.0% in year 3 of the agreement.
Sibanye-Stillwater CEO, Richard Stewart, commented: “We would like to acknowledge organised labour for the constructive dialogue and are pleased to have finalised a multi-year wage agreement that is fair for our employees while also providing stability and sustainability at the SA gold operations, aligning all stakeholders’ interests.”
