In a positive scenario, workers in the mining sector have been awarded a 327,5% wage increase, a development which will see the lowest paid worker taking home a minimum of $14,750 on a monthly basis.
This comes following an agreement reached between the Associated Mine Workers Union of Zimbabwe (AMWUZ) and the Chamber of Mines of Zimbabwe.
In a July 28, 2020 document signed between the Chamber of Mines and the late AMWUZ president Tinago Ruzive prior to his passing on over the weekend, it was agreed that the new salary structure covers the period July to September 2020.
Before the latest adjustments, the lowest paid mine worker was pocketing $3 450, based on the last salary review in February this year.
“The portion paid in US dollar shall be converted to ZWL$ at the prevailing interbank exchange rate at the time of payment and deducted from the respective minimum wage to determine the balance to be paid in ZWL$. For clarity, the total earnings for each grade will be equal to the respective minimum for that grade,” partly reads the document.
However, the agreement states that non foreign currency generating companies are excluded from the requirement to pay in US$.
