www.sibanyestillwater.com
MARKET RELEASE
Strike update – AMCU refuses to co-operate with the verification process
Johannesburg, 16 January 2019: Sibanye-Stillwater (Tickers JSE: SGL and NYSE: SBGL) advises
that following an application for leave to appeal by the Association of Mineworkers and Construction Union
(AMCU) of the judgment made by the Labour Court (Court) on 21 December 2018 and confirmed by the Court
on 8 January 2019, the union affiliation verification process, facilitated by Commission for Conciliation,
Mediation and Arbitration (CCMA), which was due to continue today, has been suspended pending the
outcome of the appeal process.
Sibanye-Stillwater is confident that the that the verification exercise will confirm that three other unions
which signed the wage offer, represent more than 50% of employees in the workplace, therefore
supporting the extension of the offer in terms of Section 23(1)(d) of the Labour Relations Act 66 of 1995
and will oppose AMCU’s attempts to avoid the verification process.
Neal Froneman, CEO of Sibanye-Stillwater commented: “We are disappointed that AMCU continues to
pursue these obstructive actions and delay the conclusion of the ongoing strike, while its members are
suffering severe financial hardship as a consequence. We are not surprised by AMCU’s behaviour and
have considered other legal alternatives, which we will be pursuing.”
Please refer to
https://soundcloud.com/user-155552468/suspension-verification-process
for a media
sound clip by the spokesperson, James Wellsted.
Ends.
Sibanye-Stillwater Investor relations contact:
James Wellsted
Head of Investor Relations
Email:
ir@sibanyestillwater.com
+27 (0) 83 453 4014
Sponsor: J.P. Morgan Equities South Africa (Proprietary) Limited
FORWARD LOOKING STATEMENTS
Sibanye Gold Limited
Trading as Sibanye-Stillwater
Reg. 2002/031431/06
Incorporated in the Republic of South Africa
Share code: SGL
ISIN – ZAE000173951
Issuer code: SGL
(“Sibanye-Stillwater”,”the Company” and/or “the Group”)
Business Address:
Libanon Business Park
1 Hospital Street
(Off Cedar Ave)
Libanon, Westonaria, 1780
Postal Address:
Private Bag X5
Westonaria, 1780
Tel +27 11 278 9600
Fax +27 11 278 9863