September 22, 2017 / 4:55 PM / in a month

South Africa's Assmang to increase wages by 8 pct - union

JOHANNESBURG, Sept 22 (Reuters) - Mineworkers at South Africa’s Assmang have signed a wage deal to increase pay by 8 percent, the largest labour union in the mining sector said on Friday.

Assmang, in which Assore and African Rainbow Minerals each hold a 50 percent stake, mines iron ore and manganese at three mines in South Africa’s Northern Cape province.

The National Union of Mineworkers (NUM) has signed a three-year wage agreement for the lowest paid workers, amounting to an 8 percent wage increase in the first and second year each and 7 percent in the third year, the union said in a statement.

“We have also secured once-off 10,000 rand ($757) cash tax-free to our members,” the NUM said. ($1 = 13.2120 rand) (Reporting by TJ Strydom; editing by David Clarke)

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