Mining sector losing more than R800 mln a day due to Transnet strike: Minerals Council - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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The Minerals Council of South Africa says mining companies are losing more than R800 million in export revenue per day due to the ongoing TransnetStrike, with harbours operating at between 12 and 30 percent of their daily averages.

Transnet CEO Portia Derby, speaking on the side-lines of the Agri SA conference in Pretoria, says, “Agriculture is one of the biggest employers, you know three problems, unemployment, inequality and low growth. And so anything that we as Transnet can do to help deal with those three problems, we are going to be there front and centre.”

“Secondly agriculture is a big exporter and that is how it has grown over the last decade or so and needs to comply with the low carbon emissions and so rail increasingly becomes important for the sector. And so we need to figure out with the sector how we can make rail accessible to them despite its very high cost.

 

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