The wage agreement is effective from July 1 and assures Zondereinde employees of increases to all major components of remuneration over the next five years, Northam says.

It notes that the agreement is aligned with industry settlements and takes into consideration the reality of inflationary pressures faced by its employees.

“The wage agreement secures five years of stability at Zondereinde and has been achieved through a collaborative, respectful and constructive engagement process between Northam and the NUM, without requiring intervention or mediation by third parties.

“The agreement provides both Northam and our Zondereinde employees with certainty and allows a singular focus on the pursuit of safe and sustainable production,” Northam states.

“We appreciate the mature and constructive manner in which the wage agreement has been concluded and recognise the positive impact on the sustainability of Northam’s operations,” Northam CEO Paul Dunne says.