www.sibanyestillwater.com
MARKET RELEASE
Sibanye-Stillwater extends the gold wage agreement to all employees in terms of Section
23(1)(d) of the Labour Relations Act
Johannesburg, 13 December 2018: Sibanye-Stillwater (Tickers JSE: SGL and NYSE: SBGL) advises that it has
extended the wage agreement which was reached with the National Union of Mineworkers (“NUM”),
UASA and Solidarity on 14 November 2018, to all employees at its South African gold operations, in terms
of Section 23(1)(d) of the Labour Relations Act, No 66 of 1995 (“S23(1)(d)”).
During the course of the strike, which was called by the Association of Mineworkers and Construction
Union (“AMCU”) on 21 November 2018, the collective membership of the NUM, UASA and Solidarity has
increased to over 50% of the employees at the South African gold operations. Under these circumstances,
the Labour Relations Act provides for the wage agreement to be extended to and bind all other
employees to the collective agreement. In this instance, all employees who are members of AMCU as
well as those who are not members of any trade union are bound by the collective agreement.
As a result of the extension of the wage agreement, the AMCU strike is no longer protected and all
employees are required to report for work. Employees have been notified to report for work on Saturday,
15 December 2018.
The safety and wellness of our employees is our first priority and in line with our CARES values, the
immediate focus will be on ensuring that operations re-commence safely.
For more information on all the announcements issued with regards to the strike at the gold operations,
please refer to https://www.sibanyestillwater.com/investors/news/2018-gold-wage-negotiations.
Sibanye-Stillwater CEO, Neal Froneman said: “We are pleased that we have been able to resolve this
strike, which has been detrimental for all stakeholders. It is especially gratifying that our employees have
exercised their right to work and provide for their families, by joining those unions which concluded a fair
and reasonable wage agreement. Their support for an agreement that takes the sustainability of the
operations into account while providing for wage increases well above inflation, especially for entry level
employees, is welcomed.
It is with sadness though, that we reflect on the consequences of the violence and damage caused
during this unnecessary strike, with families losing their breadwinners, numerous instances of assault on
employees, and ongoing financial hardship for employees, local communities and small businesses which
rely on the mines. In this regard Sibanye-Stillwater will be considering all legal options to address violence
against the company and its employees. In particular Sibanye-Stillwater’s management is mindful of the
financial impact of this strike on our employees, and while the no work no pay rule will apply, we are
applying our minds on how to ameliorate the hardship for our employees.”
Sibanye Gold Limited
Trading as Sibanye-Stillwater
Reg. 2002/031431/06
Incorporated in the Republic of South Africa
Share code: SGL
ISIN – ZAE000173951
Issuer code: SGL
(“Sibanye-Stillwater”,”the Company” and/or “the Group”)
Business Address:
Libanon Business Park
1 Hospital Street
(Off Cedar Ave)
Libanon, Westonaria, 1780
Postal Address:
Private Bag X5
Westonaria, 1780
Tel +27 11 278 9600
Fax +27 11 278 9863