Labour Minister appeals for speedy solution to Transnet wage impasse - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Employment and Labour Minister, Thulas Nxesi, has appealed to Transnet’s management and unions representing workers at the state-owned freight and rail company to find a solution to the current wage impasse which has resulted in a national strike.

Transnet logo with a train in the background.

Workers affiliated to the United National Transport Union and the South African Transport and Allied Workers Union are demanding wage increases of between twelve and thirteen percent. Nxesi says the economic implications of the strike will be severe if it is not resolved as soon as possible. He says parties must continue to engage in good faith until a solution is reached.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Maybe time the minister's and other government officials stop giving themselves increases and added benefits while expecting workers not to get anything or very little... Typical ANC self gratification at the expense of everyone else..watch the country burn and collapse ..

12% is quite unreasonable. 7.6% should be acceptable. Trade union leaders are sedicious.

The minister must take sides towards workers as a communist and pretend not knowing what capitalism is all about.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SA risks economic 'collapse' as Transnet strike hits ports with billions on the line: business | Fin24While 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. _Business Business knows sqat . Let's wait for the oracle. THE MINISTER OF TRANSPORT. THE KNOW IT ALL.
Source: News24 - 🏆 4. / 80 Read more »

Business Maverick: Stocks slump as rate-hike outlook damps sentiment: markets wrapShares opened the week lower amid intensifying concern over the impact of tightening monetary policy after strong labour market data reinforced expectations for more aggressive interest rate hikes from the Federal Reserve. Why not let the business cycle run it's course. If the Government stopped borrowing more and printing more, then there would not be inflation.
Source: dailymaverick - 🏆 3. / 84 Read more »