Directors: C A Carolus (Chair), C I Griffith** (Chief Executive Officer), P A Schmidt** (Chief Financial Officer),
A Andani#, P J Bacchus†, T P Goodlace, S P Reid^, P G Sibiya, Y G H Suleman
^Australian, †British, #Ghanaian, **Executive Director
Company Secretary: Anrè Weststrate
Gold Fields Limited
Reg. 1968/004880/06
150 Helen Road,
Sandown, Sandton,
2196
Postnet Suite 252
Private Bag X30500
Houghton, 2041
South Africa
Tel +27 11 562 9700
Fax +27 11 562 9838
www.goldfields.com
Investor Enquiries
Avishkar Nagaser
Tel +27 11 562 9775
Mobile +27 82 312 8692
email
Avishkar.Nagaser@
goldfields.com
Thomas Mengel
Tel
+27 11 562 9849
Mobile +27 72 493 5170
email
Thomas.Mengel@
goldfields.com
Media Enquiries
Sven Lunsche
Tel
+27 11 562 9763
Mobile +27 83 260 9279
email
Sven.Lunsche@
goldfields.com
M E D I A R E L E A S E
GOLD FIELDS’ SOUTH DEEP GOLD MINE AND
THE NUM AND UASA REACH THREE-YEAR
WAGE AGREEMENT
Westonaria, 11 June 2021: Gold Fields’ South Deep Gold Mine and
the NUM and UASA trade unions have concluded a three-year wage
agreement for the period 1 March 2021 to 28 February 2024.
The parties believe that the agreement is in the best interest of
employees and the mine’s long-term sustainability.
The agreement provides for the following:
•
•
•
Category 4 – 8 employees will receive a wage increase of 8%
in year 1, and 8% or CPI (whichever is the greater) in years
2 and 3.
Miners, Artisans and Officials will receive a wage increase of
6% in year 1, and 6% or CPI (whichever is the greater) in years
2 and 3.
CPI-related increases will also be applied to housing
allowances. Living-out allowances will be phased out over the
three-year period, as required by the Department of Mineral
Resources and Energy, and as the mine rolls out its housing
strategy.
The total increase of the settlement amounts to an average increase
of 6.5% a year over the three-year period.
A range of non-wage related issues have also been agreed to,
including an alignment of leave and shift configurations, as well as
amendments to other conditions of employment with a view to
standardise them across all occupational levels and simplifying
associated administrative processes.
NUM PWV Regional Chairperson, Ndlela Radebe, said: “Considering
the difficult circumstances South Africa and the world are facing due
to the Covid-19 pandemic, we are satisfied with the settlement we
have entered into. We believe it will go a long way in improving the
livelihoods of workers and their families, while sustaining the business
and ensuring sustainable job security.