A group representing South African automakers including units of
The Automobile Manufacturers Employers Organisation and the National Union of Metalworkers of South Africa agreed to a 7% across-the-board wage increase for the first year of the deal backdated to July 1, and 5.5% in each of the second and third years, AMEO said in a statement Friday. Consumer prices rose an annual 3.4% in September.
The deal also includes a 12,500-rand ($728) one-off taxable gratuity for all eligible employees, increased ...