Transnet workers affiliated with the United National Transport Union (UNTU) will go on strike tomorrow (06 October 2022), potentially harming South Africa’s export sector and an already fragile economy.
Transnet workers affiliated with the United National Transport Union will go on strike tomorrow , potentially harming South Africa’s export sector and an already fragile economy.
The South African Transport and Allied Workers Union said it will be joined the strike on Monday and will be sending a 48-hour notice to Transnet by the end of the day on Wednesday .Transnet’s rail and port facilities are critical to South African exports of bulk commodities such as coal, iron ore, chrome and manganese.
According to Bloomberg, RBCT increased its capacity to 91 million tons a year, but rail bottlenecks have decreased its annual exports significantly since 2017. According to Stats SA, 28% of South African coal production is exported, and in 2021 South Africa’s shipments of mineral fuels, including oil, posted the third-fastest gain in value, up by 49.51% year-on-year, generating $10.3 billion .
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