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'Impact of prolonged Transnet strike likely to be devastating for SA's economy' - 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 Head of Ports, Transport and Logistics at law firm, Bowmans, Andrew Pike has issued a stern warning that the impact of a prolonged Transnet strike is likely to be devastating for the country’s economy.

Striking Transnet workers protesting in Johannesburg.

‘For each day of lost productivity, it takes 9/10 days to recover that and we have containers stacked up there that exporters are unable to come and collect – potentially they are running massive storage costs but trucks can’t come in to the port to collect. Satawu and UNTU members are striking, seeking a wage increase of up to 13%, while Transnet is offering between 4 and 5%.

Earlier, the Western Cape authorities said the ongoing strike by Transnet workers will be a major setback to the province’s economic recovery.

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'Impact of prolonged Transnet strike likely to be devastating for SA's economy' - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Head of Ports, Transport and Logistics at law firm, Bowmans, Andrew Pike has issued a stern warning that the impact of a prolonged Transnet strike is likely to be devastating for the country’s economy.
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