• SA cities need foreigners

    We need to protect our cities' cosmopolitan nature, says Mzwandile Jacks.

  • Am I a racist?

    Does hating government's arrogance, nepotism and greed make me a bigot, asks Anton Ressel.

  • Recipe for disaster

    Malema's flames of frustration are fuelling white extremism, says Leopold Scholtz.

See More

RBCT workers end wage strike

Jul 21 2010 11:23

Company Data


Last traded 94
Change 0
% Change 0
Cumulative volume 364369
Market cap 0

Last Updated: 17-04-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Strike cripples Richards Bay terminal

Tata eyes SA coal

Chinese hungry for SA coal

Strike hasn't hit SA coal exports

No plans for coal terminal

CoAL strikes Richards Bay deal

Johannesburg - Some striking workers at South Africa's Richards Bay Coal Terminal (RBCT) resumed work on Wednesday after accepting a 9.5% wage rise offer by RBCT, a company official said.

About one fifth of the 500-strong workforce at RBCT, the country's main export terminal for coal, went on strike last week after earlier rejecting the company's offer.

The workers were demanding a 10% pay rise.

"The strike is over ...the workers are back to work as of this morning and the terminal operations remained unaffected," RBCT spokesperson Zama Luthuli said.

Africa biggest economy has been hit by a wave of industrial actions as well as threats of strikes that have led to above inflation settlements, stoking inflation fears.

South Africa's inflation rate slowed to 4.6% in May.

The transport sector was disrupted in May after workers at state-owned logistics group Transnet downed tools for three weeks in a work stoppage that cost Africa's biggest economy billions of rand in losses.

At the time, RBCT said South Africa was unlikely to reach its target of exporting 65 million tonnes of coal this year due to the strike that crippled rail and ports.

RBCT commissioned this year an expanded terminal to be able to handle up to 91 million tonnes of coal, but constraints on the rail line to the port are likely to cap exports at under 70 million tonnes for some years to come, analysts have said.

The port processed just over 61 million tonnes last year and in the first six months of this year the terminal shipped just under 28 million tonnes of coal, RBCT's data showed. Stocks at the end of June stood at 2.96 million tonnes.

Producers who export coal to Europe and Asia through RBCT include Anglo American's thermal coal unit, Xstrata, Optimum Coal, and South African diversified miners Exxaro Resources [JSE:EXX] and African Rainbow Minerals [JSE:ARM].

  - Reuters



Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Add your comment
Comment 0 characters remaining

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:


Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.

Must see! The most luxurious dog house!

This dog house comes with a treadmill and hot tub, you have to see it!


Luxury living

Ridiculous demands people with too much money make
8 of the priciest places to dock your yacht
Habits of the world’s richest people

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Government’s call for the private sector to add power to the grid is:

Previous results · Suggest a vote