April 17, 2019 / 3:11 PM / a month ago

South Africa's Sibanye-Stillwater, AMCU seal wage deal

WESTONARIA, South Africa, April 17 (Reuters) - A South African union agreed to a wage settlement with Sibanye-Stillwater on Wednesday, ending a five-month strike that has hit gold production and earnings.

The Association of Mineworkers and Construction Union (AMCU) agreed to take a 5.5 percent pay rise for the first year and 5.5 percent or the consumer inflation rate, whichever is the greater, in years two and three, Sibanye said in a statement (Reporting by Emma Rumney; Editing by Kirsten Donovan)

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