Transnet strike will cost SA's economy billion rand a day: Expert - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Transnet has again said it does not have the money to meet the salary increase demanded by workers affiliated to unions, SATAWU and UNTU.Transnet has again said it does not have the money to meet the salary increase demanded by workers affiliated to unions, SATAWU and UNTU.Speaking on the sidelines of the World Maritime Day Parallel Event in Durban, Maharaj said the previous Transnet strike cost the economy R7 billion in 2010.

She says the provincial Government has offered support to Transnet in implementing its Business Continuity Plan. The workers’ unions and Transnet have been locked in wage talks for a second day at the bargaining council in Johannesburg.

Electricity blackouts has costed the economy R50 billion ....workers are encouraged to continue with thier strike until thier demands are met...

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