Impala Platinum Offers Pay Hike To Divert Strike

Reuters reported Impala Platinum (JSE:IMP) says pay hikes offered on Friday were aimed at averting a strike and ensuring peace.

As quoted in the market news:

Violence and intimidation have been defining features of the illegal strikes roiling Africa’s biggest economy.

Implats key Rustenburg operation was shut for 6 weeks in January and February amid a bloody turf war between the militant Association of Mineworkers and Construction Union (AMCU) and the dominant National Union of Mineworkers (NUM).

Click here to read the full Reuters report.