Implats - wage settlement reached

31 October 2016

Subsidiary operating companies of Implats, Impala Platinum Limited's Rustenburg operations and Marula Platinum Limited, have signed a three year wage settlement with the Association of Mineworkers and Construction Union (AMCU). This deal is effective 1 July 2016.

The settlement agreement allows for employees over the next three years to receive:
' A monthly basic salary increase of R1000 for A & B-level and 7% for C-level employees within the bargaining unit;
' Living out and home ownership allowances increase by R150 per month for each year of the three year agreement in Rustenburg and by R150 per month in year two and three for Marula;
' An increase in Implats' medical aid contributions to employees of 6% in year 1 and 7% in the following 2 years of the wage agreement.

With this agreement in place, Implats' operating entities at Rustenburg and Marula can focus on ensuring safe and sustainable operations.

Impala Platinum Holdings Limited published this content on 31 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 31 October 2016 13:27:06 UTC.

Original documenthttp://www.implats.co.za/im/sens_display_2011.asp?id=0&yr=2016

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