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.
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Have you ever noticed that anybody driving slower than you is an idiot, and anyone going faster than you is a maniac?
George Carlin
South Africa’s automotive sector arrived at the recent South African Auto Week 2025 in Gqeberha with a renewed sense of optimism, backed by clear signs of recovery, reports Ecofin Agency.
September 30, 2025 will be remembered as a landmark day for both the South African automotive sector and for Foton globally, says the Chinese manufacturer after its first pre-production Completely Knocked Down (CKD) Foton bakkie rolled off the assembly line at its local plant.
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