The ongoing strike at state-owned rail, port and pipeline company Transnet has effectively shut down South Africa’s ports – with the country only a week away from having the backlogs affect the availability of items on store shelves.
Transnet has suffered heavy losses from a strike over wages, with billions of rands being lost every day.
The Commission for Conciliation, Mediation & Arbitration has urged the striking unions to make a compromise with the employer to ensure that the economy is not crippled by the strike action. However, in a statementA wage increase at or above inflation is granted;Increases are back-paid – either once-off or in two instalments.
“We have a very open economy – we as businesses are very worried. If you shut down our ports, you’re actually throttling the entire economy,” she said. “ we’re going to go down a point where we think it will not be possible to return.” “We as South Africans – you and me as end consumers – bear the brunt because now we won’t get the imports and can’t do exports. It’s a devastating situation.”
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