State-owned freight company Transnet has confirmed that it has reached a wage agreement with its recognised labour unions, the South African Transport Allied Workers Union and United National Transport Union, for a 5% increase for the current financial year for bargaining unit employees.
"Transnet’s main focus remains on ensuring financial sustainability and operational improvements in the business to drive competitiveness of South Africa’s logistics system in all the segments that we operate.
"A stable relationship between all the actors within the company is crucial for us to achieve this," the company says.