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Transnet Raises Its Wage Offer to End Strike That’s Crippled South African Ports

  • Mining lobby sees action halting 75% of bulk mineral exports
  • Labor unions insist 7% increase in wages is ‘bare minimum’
A Transnet SOC Ltd. freight train in Mpumalanga, South Africa.

A Transnet SOC Ltd. freight train in Mpumalanga, South Africa.

Photographer: Waldo Swiegers/Bloomberg
Updated on

South African labor unions at the national ports and freight-rail operator rejected a revised wage offer and said they plan to intensify a strike that’s hobbling most of the nation’s mineral exports.

After talks with worker representatives, Transnet SOC Ltd. proposed raises of as much 5.3% over the next three years. Employees will only consider an increase of at least 7%, Carestone Damons, a member of the United National Transport Union’s bargaining team, said on Thursday.