Saasoa CEO says that each day that an approximated 80% of Transnet employees stay away will cause major shipping backlogs at the country’s ports and will cost the economy dearly. Moneyweb
The South African Association of Ship Operations and Agents says any protracted industrial action by Transnet employees could see plant shutdowns and a scale down in productivity, which will be a detrimental outcome for the country’s economy especially ahead of the busy festive season.
No major improvement in Durban Port efficiencies, says organised business “According to the SA Revenue Service approximately R343 billion worth of goods were imported and exported by South Africa during the month of August alone and of this 70% of goods were processed via the ports,” she says. “This means that each day of strike action will effectively prevent trade in more than R8-billion worth of goods per day,” notes van Huyssteen.
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