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Pretoria Hosts US Secretary of State, Motor Strikes Loom

SOUTH AFRICA
  • South Africa’s Minister of International Relations and Cooperation Naledi Pandor will host US Secretary of State Antony Blinken for a strategic dialog in the capital, Pretoria, where Blinken will announce the US government’s new Africa strategy in a public address.
  • Moneyweb report that the possibility of a motor sector strike has significantly increased after a resolution committee between unions and employers failed to reach an agreement after negotiations on Friday. The Fuel Retailers Association (FRA) wage increase offer of 4% is well below Numsa’s demands of a 12% across the board wage increase. Retail Motor Industry Organisation (RMI) chief negotiator Jacques Viljoen said industrial action could pose a serious challenge for the recovery of the sector following the recent national state of disaster and the civil unrest in 2021.
  • There are no major data releases scheduled for today.

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