Writing in her weekly letter, the chief executive officer of Business Leadership South Africa (BLSA) Busi Mavuso said that the dismissal of the country and high unemployment rates are directly connected to the crippling of the economy.
The Minerals Council of South Africa has stated that mining companies are losing more than R800 million in export revenue every day the strike continues – similar effects are also taking their toll on South Africa’s agricultural sector that relies heavily on exporting produce.
Mavuso said it has become obvious that with the Transnet strike this week – and the Eskom strike earlier this year that took the country to stage 6 load shedding in June – it’s questionable whether labour can be trusted as a social partner to promote the interests of the country. The logistics sector needs to be fundamentally altered to allow private sector involvement in infrastructure assets, maintenance and movement of goods. BLSA believes this will strengthen Transnet’s revenue streams and sustainability, not weaken them.
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