The National Union of Mineworkers (NUM), one of Ubank's major shareholders, said it was shocked and surprised by the Reserve Bank move to put Ubank under curatorship after it raised the required amount.
Members of the Association of Mineworkers and Construction Union at Sibanye-Stillwater’s Marikana platinum mine are demanding wage hikes of up to almost 40%, according to a document obtained by Business Maverick. A decade after the murdered Marikana strikers demanded a basic wage of R12,500 a.