BACK TO BASICS
Members First

 Phone: +27 (0) 830 123 543
 Email: info@num.org.za
 Website: www.num.org.za

Thursday , March , 28 2024
Subscribe to our News
Name

Search
NUM News
23

NUM signed a three year ESOP agreement with Anglo Platinum mine

posted on
NUM signed a three year ESOP agreement with Anglo Platinum mine

Press statement, 20 July 2018

 

NUM signed a three year ESOP agreement with Anglo Platinum mine

 

 

After a fierce battle on the payment of employees shares, the National Union of Mineworkers (NUM) can confirm it has signed an Employee Share Option Scheme (ESOP) with Anglo Platinum mine.

 

The agreement was reached yesterday. The parties agreed on a total quantum of R24 000.

 

The agreement entered stipulate that the employees will be paid as follows:

 

2018                             2019                                                                     2020

R8 000 cash       R4 000 cash and share allocation worth R4.000      R4 000 cash and share allocation worth R4.000

                          Vesting allocation of shares 2021                          Vesting allocation of shares 2022

 

“Parties further agreed to engage after the signing or the promulgation of the mining charter 111. The payment of the ESOP is long overdue as the last payment was in 2014 and our members wanted this payment as early as January 2018”, said NUM Deputy General Secretary Makgabo William Mabapa.

 

The ESOP scheme emanated from the wage agreement of 2015 to 2018.

 

For more information, please contact

 


William Mabapa, NUM Deputy General Secretary, 082 880 4439


The National Union of Mineworkers

 

7 Rissik Street.

 

Cnr Frederick

 

Johannesburg

 

Tel: 011 377 2111

 

Web: www.num.org.za<http://www.num.org.za>

 

Twitter: @Num_Media

Facebook: https://www.facebook.com/pages/NUM/100860023402167

Categories: | Tags: | Comments: (0) | View Count: (7295) | Return

Post a Comment

About Us
The National Union of Mineworkers was founded in 1982.

Its birth was facilitated by comrades Cyril Ramaphosa who rose to be its first General Secretary, James Motlatsi who turned to be its first President, and Elijah Barayi who became its Vice President and later the President of Cosatu in 1985 when the federation was formed. porn