The National Union of Mineworkers (NUM) and Petra Diamonds signed a valid and binding 5 (five) year agreement for the NUM members within the A and B Paterson grade ( Recognised Bargaining Units) for the period 1 July 2024 to 30 June 2029. The wage agreement was signed today at the NUM Head Office in Johannesburg.  The wage agreement is an extension of the 2021-2024 wage agreement between the parties 07 June 2024. This agreement supersedes any other previous wage agreement between the parties. 

Salary increases
The basic salary of the Employees, excluding all allowances, non-salary related bonuses, gratuities and payments of a like nature, shall be increased from 1 July 2024 to 30 June 2029 as set out below:

Year 1: 6.25% / CPI
Year 2: 5.75% / CPI
Year 3: 5.75% / CPI
Year 4: 6.5% / CPI
Year 5: 6.5% / CPI

NUM Chief Negotiator at Petra Diamonds Masibulele Naki said the wage negotiations were extremely difficult and robust until they signed the wage agreement today. “We signed the wage agreement today under a very difficult situation where the NUM is facing two retrenchments at Cullinan and Finsch Mines. We managed to negotiate for salary increases that we think will sustain jobs and also make sure that workers are happy,” Naki said.