Unfortunate that Transnet strike will have devastating impact on economy: Satawu - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

A Transnet Freight Rail train is seen next to tons of coal at Bronkhorstspruit station, north-east of Johannesburg, April 26, 2022A Transnet Freight Rail train is seen next to tons of coal at Bronkhorstspruit station, north-east of Johannesburg, April 26, 2022

On Sunday, the Labour Court dismissed Transnet’s urgent interdict to have the strike declared unprotected. “We’ve written to the President of the Republic to intervene at the very early stage of the wage negotiations when we foresaw that they’re going to deadlock, and that the employer is not negotiating in good faith. We’ve written to comrade Pravin Gordhan as the Minister of Public Enterprise who is the shareholder representative of Transnet to try and avert the strike for their urgent intervention in terms of the impasse that we could see that we’re going towards.

Kumba, which exports the bulk of its iron ore to China, Europe, Japan and South Korea, expects to produce and export between 38 million and 40 million tons of the mineral this year.

Philippines Philippines Latest News, Philippines Philippines Headlines

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

South African rand weakens after strong U.S. jobs data; stocks slideSouth Africa's rand weakened on Friday, as the dollar strengthened after a stronger-than-expected U.S. jobs report suggested the Federal Reserve will likely stick to its aggressive tightening policy for now.
Source: ReutersAfrica - 🏆 31. / 53 Read more »