parties involved in wage negotiations as strikes threaten to derail the
delivery of the World Cup.
for the World Cup. I hope we won’t have strikes and that the negotiations will
be conducted in good faith.”
of strikes as employees seek above-inflation increases this wage negotiations
season to close the gap between the highest and lowest earners.
this Wednesday as the transport strike at Transnet and the Passenger Rail
Agency of SA looked like entering a third week.
products such as phamaceuticals and car parts, while some World Cup merchandise
has moved slowly from ports.
would take up to two months to clear the backlog at the ports if the strike were
to be resolved over the weekend and employees returned to work tomorrow.
on Thursday and I am going to speak to them again. I hope the situation does not
lead to a strike.”
beginning of this week.
to resolve last year’s issues. The SA Transport and Allied Workers Union
rejected Transnet’s offer on Friday while the United Transport and Allied
Trade Union accepted it.
demanding an 18% wage increase, are likely to start after resolution of the
current issues, which include housing allowances.
Mines are not expecting strikes because they signed two-year deals with their
workers last year.
Kumba Iron Ore were at the mediation stage at the Commission for Conciliation,
Mediation and Arbitration.
strike in four weeks.”
increase but negotiations had only started recently.
have a negative impact on economic growth in the second quarter of this
that is not accompanied by productivity is negative for interest rates. The
settlements will count against interest rates staying low,” he said.
would push up the cost of doing business: “We have not yet calculated the impact
on the economy.”