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IMPALA PLATINUM HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1957/001979/06)
JSE share code: IMP
ISIN: ZAE000083648
ADR code: IMPUY
(“Implats” or “the Group” or “the Company”)
IMPLATS REACHES AN HISTORIC FIVE-YEAR WAGE SETTLEMENT
Implats’ operating subsidiaries - Impala Platinum Limited’s Rustenburg operations and Marula
Platinum Limited - have signed an historic five-year wage settlement with the Association of
Mineworkers and Construction Union (AMCU).
The settlement is effective from 1 July 2022, and assures employees of increases to all major
components of remuneration over the next five years including basic salaries, living-out and
home-ownership allowances, medical aid and pension fund contributions. The agreement is in
line with current mining inflation of c.6.5% and considers the reality of sustained inflationary
pressures faced by our employees.
This agreement secures five years of stability at Implats’ operating entities and has been
achieved through a collaborative process typified by mutual respect and consideration and
without requiring intervention or mediation by third parties. The agreement removes substantial
uncertainty for our employees and allows a singular focus on the pursuit of safe and
sustainable production.
Ends
Queries:
Johan Theron
E-mail: johan.theron@implats.co.za
T: +27 (0) 11 731 9013/43
M: +27 (0) 82 809 0166
Emma Townshend
E-mail: emma.townshend@implats.co.za
T : +27 (0) 21 794 8345
M : +27 (0) 82 415 3770
Alice Lourens
E-mail: alice.lourens@implats.co.za
T: +27 (0) 11 731 9033/43
M: +27 (0) 82 498 3608
28 June 2022
Johannesburg
Sponsor to Implats
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
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