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The Steel & Engineering Federation of South Africa (SEIFSA), which represents the Metals & Engineering Industry, and the National Union of Metalworkers of South Africa (NUMSA), now an affiliate of the South African Federation of Trade Unions (SAFTU) have concluded an historic three-year wage agreement for the period 1 July 2024 to 30 June 2027.
The parties: the SEIFSA affiliated membership which accounts for 57% of all employees employed by all the employer organizations on the bargaining council, and NUMSA representing in excess of 115 000 members, signed the agreement at the Birchwood Conference Centre in Boksburg.
As the prior negotiations in 2021 lead to significant disruption and a three week strike, this year the negotiations commenced with the signing of a process, committing the parties to negotiate in good faith, and setting out a roadmap on the negotiation process.
The wage increases will be calculated on the scheduled or gazetted minimum rates of pay per grade over the
next three years:
- Rate A in year 1 will receive 6%;
- Rate H 7%;
and in years two and three of the agreement,
- Rate A will receive 5%;
- Rate H 6%.
Significantly, there is also agreement on housing. The parties have agreed to request the Board of Trustees of the Metals and Engineering Industries Benefit Funds, who oversee investments under management in excess of R149billion, to develop an institutional framework covering, amongst others: eligibility and legal criteria, funding model/s, subsidy mechanisms and/or programmes, and substantive policy approaches within three months of the signing this agreement.
The SEIFSA Chief Executive Officer Lucio Trentini announced that in addition:
“... stakeholders have agreed to convene and jointly formulate an industrial policy framework focused on re-building and repairing public infrastructure, alleviating bottlenecks constraining economic growth, while ensuring the long-term sustainability of the metals and engineering sector.”
Further outstanding issues will be discussed in committees and working groups.
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