Business lobby groups have warned that South Africa’s economy cannot afford the Transnet strike; Cape Town is developing a reputation as a murder capital; Health Department disputes its audit discrepancy; and Eskom in court over R16 billion tender.
SA economy can’t afford Transnet strike:
Business lobby groups have warned that disruptions from the Transnet strike could be as bad as load shedding and worse than the Covid-19 lockdown. 60% of SA’s GDP relies on imports and exports in some regard, and the Minerals Council forecasts a revenue loss of R50 billion this year for iron ore, coal, chrome, ferrochrome, and manganese exporters.
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