UPDATE 1-SAfrica unions reject wage offer from gold firms
* Unions reject offer as an "insult", threaten strike
* Gold producers cite inflation, survival of sector
(Recasts with unions reject offer, quotes, details)
By James Macharia
JOHANNESBURG, May 21 (Reuters) - South Africa's gold producers made an opening offer on Thursday of a 5 percent wage increase which was rejected by workers who threatened to strike.
Mine workers had demanded a 15 percent pay rise.
The National Union of Mineworkers (NUM) General Secretary, Frans Baleni said in a statement the Chamber's offer was an "insult" to workers.
"If they continue with this dilly-dallying then we have no choice but to call an indefinite strike action," he said. Continued...
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