South Africa's Transnet faces possible strikes at ports, rail and pipelines
South Africa's Transnet faces possible strikes that could affect operations atports, rail and pipelines after wage talks with workers failed. Reuters reportedthat a strike at Transnet could cripple the transport of coal and ore exportsas well as the distribution of fuel and shipping in the country. The SouthAfrican Transport and Allied Workers Union said that Transnet had offered an 8%wage increase against the union's demand of a 15% increase. Inflation in South Africacurrently stands at 5.7%. Transnet is due to present its final offer today. Theunion will then decide whether to strike or not.
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