Transnet strike is costing mining companies R815 million a day - Minerals Council | Citypress

South African mining companies are losing R815 million in export revenue a day due to an ongoing strike at state-owned logistics firm Transnet which has hit commodity exports, an industry body said on Thursday.

The Minerals Council of South Africa said major mineral export harbours were currently operating at between 12% and 30% of their daily averages due to the strike.On average, South Africa exports about 476 000 tonnes of bulk minerals a day worth R1.06 billion, but is currently only able to ship out 120 000 tonnes of minerals a day, the industry group said in a statement.

But the United National Transport Union and the South African Transport and Allied Workers Union , which together represent most Transnet workers, said they had rejected the latest offer and would remain on strike. Satawu said it had received Transnet's latest offer"with great sadness" and that the strike would continue.

State owned....says it all really

Soon they will all be out of jobs.. crying white men's privilege.. These unions desperately need to be disbanded for the economy sake honestly they causing a huge downfall weekly month after month with ludicrous demands.

If that were the case they would have long instructed their bought President to fire Pravin and de Ruyter.

Our money

It seems this strike is impacting on our struggling economy and something is urgently needed.

United States United States Latest News, United States United States Headlines

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

Transnet strike will cost SA's economy billion rand a day: Expert - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Durban Chamber of Commerce and Industry president Prasheen Maharaj estimates that the Transnet strike will cost the economy about a billion rand a day. Electricity blackouts has costed the economy R50 billion ....workers are encouraged to continue with thier strike until thier demands are met...
Source: SABCNews - 🏆 37. / 51 Read more »

Transnet strike costs South African miners $44 mln a day - industry bodySouth African miners are losing 815 million rand ($44 million) in export revenue per day due to an ongoing strike at state-owned logistics firm Transnet which has hit commodity exports, an industry body said on Thursday.
Source: ReutersAfrica - 🏆 31. / 53 Read more »

Ousted Phalatse lays charges after 'millions paid to suspected ANC front company' | CitypressPhalatse took to Twitter on Wednesday morning and announced her arrival at the Hillbrow Police Station where she said she intended to lay criminal charges against the JPC, which she said 'appears to have engaged in an act of fraud or corruption, involving millions of taxpayers’ money siphoned off to a company linked to the ANC'. Pour out the whole Can of beans She is now like a doll used by white people, she has irritated lots of people in a short space of time It looks like the leaders of Action4SA is laughing at her allegations
Source: City_Press - 🏆 7. / 72 Read more »