In a slower yet eventful day for corporate news, Pan African Resources inked a five-year wage agreement at its Barberton operations that promises extended stability, while Canal+'s bid for MultiChoice is seeing some progress. In international news, a massive strike in Nigeria has been halted for a week to allow more time for wage talks.
Qualifying employees received dividends of more than R40 million during the scheme's tenor, with the final maturity benefits paid to employees during May 2024. More than 2 200 employees qualified to receive final maturity payments, with payments dependent on the number of completed years of service. Pan African had lost about 2% on Tuesday afternoon but has risen more than 70% in the past year and it was faring far better than its industry peers.
Source: News Formal (newsformal.com)
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