Transnet CEO Portia Derby indicated that the company could not afford to yield to worker demands, likely increasing the chances of a protracted standoff with labour unions.
Derby added that it is not sustainable to have about 66% of your operating cost being labour costs. The unions have rejected Transnet’s latest offer of 5.3%, as the strike continues to cost the South African economy billions daily. (Business Live)

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Jack Lewis

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Transnet Strikes Set To Continue, CEO Says Cannot Afford To Yield