Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. South Africa
  4. Johannesburg Stock Exchange
  5. Harmony Gold Mining Company Limited
  6. News
  7. Summary
    HAR   ZAE000015228

HARMONY GOLD MINING COMPANY LIMITED

(HAR)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Harmony Gold Mining Company Limited Concludes Three-Year Wage Agreement

09/16/2021 | 09:39am EDT

Harmony Gold Mining Company Limited has concluded a three-year wage agreement ("wage agreement") in respect of wages and conditions of service for the period 1 July 2021 to 30 June 2024. The wage agreement was agreed with the following labour unions: The Association of Mineworkers and Construction Union (AMCU), the Coalition (comprising The National Union of Mineworkers (NUM), United Association of South Africa (UASA) and Solidarity) and The National Union of Metalworkers of South Africa (NUMSA). The agreement allows for the following wage increases: Category 4 to 8 employees will receive a wage increase of ZAR 1,000 for each year of the wage agreement. This translates to an average increase of 8.4% for employees across these categories. Miners, Artisans and Officials will receive a wage increase of 6% of their basic wage for each year of the agreement. The total average wage increase negotiated is 7.8% in year 1, 7.4% in year 2 and 7.0% in year 3. 98% of Harmony employees are part of the bargaining unit covered by this wage agreement. In addition to the basic wage increases mentioned above, the parties have agreed to the following benefits: As part of Harmony's drive to promote home ownership, a housing allowance will be introduced for the benefit of employees who choose to purchase a residence or who have already entered into bond agreements. The housing allowance will be ZAR 2,750 in year 1 and increase incrementally each year up to a maximum value of ZAR 3,240 in year 3. Employees not eligible for the housing allowance will receive a living-out allowance of ZAR 2,500 in year 1, which will increase by ZAR 100 in year 2 and in year 3 respectively. All employees will be eligible for either a housing allowance or a living-out allowance, but not both. A number of non-wage related and process issues have been agreed to, including: maternity and paternal leave; medical incapacity and medical aid benefits.


© S&P Capital IQ 2021
All news about HARMONY GOLD MINING COMPANY LIMITED
10/22HARMONY GOLD MINING : FATALITY AT KUSASALETHU - Form 6-K
PU
10/13HARMONY GOLD MINING COMPANY LIMITED : Ex-dividend day for final dividend
FA
09/23A.DEALING IN SECURITIES BY DIRECTORS : VESTING OF SHARES AND SETTLEMENT BY ON MARKET SALES..
PU
09/16HARMONY GOLD MINING : (Indicate by check mark whether the registrant files or will file an..
PU
09/16Harmony Gold Mining Company Limited Concludes Three-Year Wage Agreement
CI
09/02HARMONY GOLD MINING : (Indicate by check mark whether the registrant files or will file an..
PU
08/31HARMONY GOLD MINING : (Indicate by check mark whether the registrant files or will file an..
PU
08/31Harmony Gold Mining Company Limited Provides Production Guidance for Financial Year 202..
CI
08/31Harmony Gold Mining Company Limited Approves Final Gross Cash Ordinary Dividend, Payabl..
CI
08/31EUROPEAN MIDDAY BRIEFING : Stocks Steady as -2-
DJ
More news
Analyst Recommendations on HARMONY GOLD MINING COMPANY LIMITED
More recommendations
Financials
Sales 2021 41 909 M 2 831 M 2 831 M
Net income 2021 7 523 M 508 M 508 M
Net Debt 2021 663 M 44,8 M 44,8 M
P/E ratio 2021 4,74x
Yield 2021 2,90%
Capitalization 36 725 M 2 484 M 2 480 M
EV / Sales 2021 0,89x
EV / Sales 2022 0,75x
Nbr of Employees -
Free-Float 87,7%
Chart HARMONY GOLD MINING COMPANY LIMITED
Duration : Period :
Harmony Gold Mining Company Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HARMONY GOLD MINING COMPANY LIMITED
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 7
Last Close Price 59,57 ZAR
Average target price 57,57 ZAR
Spread / Average Target -3,35%
EPS Revisions
Managers and Directors
Peter Steenkamp Chief Executive Officer & Executive Director
Boipelo Lekubo Co-Chief Financial Officer & Director
Danie Muller Co-Chief Financial Officer
Patrice Tlhopane Motsepe Non-Independent Non-Executive Chairman
Robert Hart Head-Technical Services & Engineering
Sector and Competitors