Transnet to reprioritise budget to allow for wage hikes
Group CEO Portia Derby says the R8.5bn given by the state in the medium-term budget will fund the repair of infrastructure
03 November 2022 - 19:41
Transnet group CEO Portia Derby says the rail and ports utility will have to reprioritise its operating budget to allow for the extra increases they awarded to striking workers a few weeks ago.
After a two weeklong strike by employees in October, during which Transnet was forced to declare force majeure, the company finally agreed to offer its employees a 6% increase in year one, a 5.5% increase in year two and a 6% increase in year three plus increases to medical and housing allowances, to entice them back to work...
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