There is some good news for South Africa as the devastating strike at Transnet – costing the country’s economy billions daily – seems to be coming to an end after United Transport & Allied Trade Union (Untu) agreed to a three-year wage deal on Monday (17 October).
Untu represents just over 50% of the workforce at Transnet, while another estimated 20% are not unionised. The transport group’s CEO Portia Derby says that it saw a 70% to 80% representation back at work on Tuesday (18 October).
South Africa will take up to 9 weeks to recover from crippling Transnet strike (businesstech.co.za)