Another eThekwini strike on the cards; JSE targets modernisation; Transnet proposed tariffs slammed; Discovery shares dip.
The Municipal and Allied Trade Union of South Africa has raised issues with eThekwini municipality’s “blanket approach” in dealing with rogue elements of the Samwu affiliated municipal strike. In response to numerous grievances, Matusa has obtained a certificate permitting a strike – however, the union have not decided if it will actually strike and is currently in consultations with its members.
[In a policy overhaul aimed at opening its doors for private retail operators to use its railway network, Transnet has proposed a multiyear tariff structure which would generate around R9.2 billion. However, the proposals have raised worries among industry players, who said the pricing model was ‘predatory’ and would impose longer-term constraints on the country’s mining and logistics industries.
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