Mooiplaats strikers accept Coal of Africa's improved offer

Miner Coal of Africa said that the National Union of Mineworkers in South Africa has called off the strike at the firm's Mooiplaats colliery after agreeing to an improved pay offer.

Miner Coal of Africa said that the National Union of Mineworkers in South Africa has called off the strike at the firm's Mooiplaats colliery after agreeing to an improved pay offer.

Workers at the mine went on strike on Tuesday after the union rejected the company's offer of a 22% pay rise. They returned to work the following day after accepting an improved offer of a 26% pay rise, which will include medical aid assistance, housing allowance as well as shift and underground allowances. The new deal has been back-dated to July 1st.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.