Transnet and unions sign above-inflation wage agreement
Labour stability needed for mission to improve its performance, says bailed-out rail and ports operator
16 June 2025 - 16:56
UPDATED 17 June 2025 - 13:28
Business Leadership SA CEO Busi Mavuso has criticised cash-strapped Transnet for capitulating to union strike threats and agreeing to above-inflation increases of 6% each year over a three-year period, saying this was economic blackmail as unions treated the state as an “endless ATM”.
The pay deal, she said, represented a failure of leadership on both sides: “Militant unions holding the country hostage with strike threats, and management caving to their demands without a fight”. ..
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