South African industries across the board uttered a collective sigh of relief yesterday (17 October) when the week-long Transnet strike was finally resolved.
The strike brought ports to a standstill and severely affected imports and exports. This was particularly acute at Durban, serving Toyota and other major exporters, and Gqeberha, which serves Volkswagen and other major exporters.
On Monday, Transnet reached a three-year wage deal agreement with the United National Transport Union (UNTU), which represents more than 50% of unionised staff. It is expected that the other unions will follow suit, and news reports already indicate that many workers are returning to their stations.
The deal includes a 6% increase in year one, a 5.5% increase in year two, and a 6% increase in year three, as well as medical aid and housing allowance increases.
Some analysts were surprised by the fact that the union, which until recently demanded a 12% wage increase, settled for a below-inflation deal.
The deal will apply to all workers in the sector (including non-unionised employees) with effect from 1 October.
Looking for the perfect family vehicle that does not compromise on style or your budget? Say hello to the all-new Hyundai Alcazar – designed with South African families in mind, says the Korean manufacturer.
Proton SA says that following the recent release of CMH’s annual results, it would like to clarify Proton South Africa’s position and reaffirm the company’s long-term commitment to the local market.
A shift towards an electric vehicle landscape in South Africa will get another boost with the soon-to-be released Geely Riddara double cab 4x4 and 4x2 bakkies locally by Enviro Automotive.
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Proton SA says that following the recent release of CMH’s annual results, it would like to clarify Proton South Africa’s position and reaffirm the company’s long-term commitment to the local market.
GAC Motor is poised for significant growth in South Africa in 2025, with a series of strategic initiatives aimed at enhancing its presence and product offering.
Leading figures in the automotive industry met for the Automechanika CEO breakfast event - "The African Connection" - hosted by Messe Frankfurt South Africa.
