While Transnet has maintained that its terminals at ports have not come to a standstill, logistics businesses have warned of a catastrophic economic fallout if operations at the state-owned logistics giant's ports face prolonged suspension.
While Transnet has maintained that its terminals at ports have not come to a standstill, logistics businesses have warned of a catastrophic economic fallout if operations at the state-owned logistics giant's ports in Durban and Cape Town face prolonged suspension.
Meanwhile, Anglo American subsidiary, Kumba Iron Ore, warned that its production will be hit by the strike at Transnet. The company warned that disruptions would have an estimated impact of approximately 50 000 tons per day on production for the first week and approximately 90 000 tons per day thereafter.
"There are terminals that are owned by Transnet, and terminals that are owned by private sector operators. The current strike is between Transnet and its unions. This does not include private sector-run terminals. Mavuso said a strike at Transnet was"disastrous" not only to direct imports like the medical sector, and exports, like the mining sector but to the entire, interconnected economy.
"Given the economic situation we are in, this is an option to seriously consider. Without ports operating the whole country could collapse."
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