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May 24 2012 17:31
The Reserve Bank will maintain current interest rates, and a sizeable reduction in the local petrol price is expected, says governor Gill Marcus.
May 23 2012 22:00
Economic liberation or the lack thereof is the most divisive issue in the country, according to a survey.
May 24 2012 15:29
The Reserve Bank will maintain current interest rates, says governor Gill Marcus.
Johannesburg - The number of striking Transnet workers was set to double on Wednesday after a second union decided to join the mass action.
"All indications are that the number of striking workers would double today [Wednesday] after we decided to join the strike," said United Transport and Allied Trade Union (Utatu) general secretary Chris de Vos.
The SA Transport and Allied Workers' Union (Satawu) started striking on Monday to demand a 15% wage increase.
Transnet initially offered an eight percent increase and then revised that up to 11%.
Satawu rejected the 11% offer and started striking on Monday, while Utatu announced on Tuesday that its members also rejected the new offer.
Transnet employs nearly 54 000 people and Satawu represents 39% and Utatu 45% of these workers.
An estimated 15% of workers were not striking.
Transnet obtained a court interdict on Tuesday to prevent striking workers from "unlawfully interfering with business or activities of Transnet".
Thirteen people were arrested for public violence and intimidation during the Satawu workers' strike in Durban on Monday.
- Sapa