Thousands of employees to benefit at Harmony gold

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Harmony Gold has introduced an employee share ownership plan to benefit around 33,000 employees.

Harmony says all non-management employees will benefit from the scheme, with the only determining factor being length of service.

It says the Harmony shares available for issue in terms of the employee share ownership plan will make up around 2.9% of the company.

The National Union of Mineworkers, Uasa and Solidarity have been involved in ironing out the details of the deal since 2010.