Transnet wanted companies to pay extra levy to avoid strike, business groups say | Fin24

Business says Transnet initially decided, then backtracked on a decision to impose additional levies on companies.The levy, which would have been enforced from October, would have been conditional on Transnet avoiding a strike. Hoping to avert industrial action, Transnet wanted to impose an"avoidance of strike" levy on companies, Business Unity SA and Business Leadership SA say.

"We have also had sight of a letter from Transnet to relevant businesses, dated 29 September 2022, indicating they [it] charge an additional levy for the period 1 October 2022 to 31 March 2023." to help subsidise the gap between Transnet's wage offer and striking unions' demands. However, the country's two major business lobbies - BUSA and BLSA - clarified that only some businesses had offered to pay the levy.

The Minerals Council, whose members account for more than 80% of Transnet’s rail business and 50% of the group’s income, was concerned that the strike was damaging exports and imports,"threatening not only mining companies but the country’s fragile economy at a time when 44% of people are unemployed".

City_Press With unions hell bent on getting their increases, surely there should be someway that suppliers who lose their export products should be componsated by the unions for the loss or a combination of of unions and Transnet pay compensation. That would be fair.

City_Press I've never seen SOEs bleed like this , it's incredible and difficult to not believe they are being forced to fail even Eskom blatantly says 18 months loadshedding , the new ANC President after December will need speed in saving whatever is left after the R51 state asset grabs

_Business WTF 🤦‍♀️

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