Ports are already under immense pressure with the demand from the mining sector 🚢 Transnetstrike
The Minerals Council South Africa forecast a revenue loss of R50 billion this year for iron ore, coal, chrome, ferrochrome and manganese exporters – as measured by delivered tonnages against contracted rail volumes.South African Association of Ship Operations and Agents the protracted industrial action, comprising of around 80% of Transnet’s workforce, will cause major shipping backlogs, and cost the economy.
Saasoa CEO Peter Besnard told the publication that millions of rands worth of cargo may not end up on the shelves due to the strike. This as the festive season nears.
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