JOHANNESBURG – South African gold producers said on Tuesday that union wage demands were “unaffordable” and could add 16.5 billion rand ($1.3 billion) to the sector’s wage bill.
The producers, which include AngloGold Ashanti, Sibanye Gold and Harmony Gold, said in a statement that the industry’s total wage bill in 2014 was 23.5 billion rand.
“Acceding to these demands would threaten the sustainability of our industry, and would jeopardise almost all current jobs,” the companies said.(Reuters)
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($1 = 12.5135 rand)
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