Johannesburg - After lengthy engagements with the SA Transport and Allied Workers' Union (Satawu) and the United Transport and Allied Trade Union (Utatu), transport parastatal Trasnet says it has agreed on an 8.5% across-the-board increase in basic pensionable pay.
"The terms of the agreement were finalised at the Transnet Bargaining Council on Wednesday," Transnet said.
Commenting on the agreement on Thursday, group CEO Brian Molefe said the milestone would go a long way towards strengthening relations with the parastatal's most important stakeholder, its employees.
"Crucially, this settlement will enable us to focus on achieving our operational goals for the year," he said.
"It's also encouraging that this was done with no disruption to our operations, a positive sign for our relationship."
Zenzo Mahlangu, Satawu's general secretary, said the union was "happy" with the agreement.
"We are quite impressed that although there were issues, there was also a high level of maturity on both sides. That we were able to agree on terms without resorting to drastic measures shows that we are heading in the right direction and that we are growing."
Commenting on the offer, Utatu president George Strauss said his union was also "happy" with the settlement "and given the financial circumstances, it's very good for our members".
Transnet said all parties had agreed that the offer was a generous one "and compared favourably with the current inflation rate".
Molefe thanked Transnet's recognised trade unions for the leadership they had shown "and their hard work in ensuring that we have reached an amicable settlement in a mutually respectful manner".
"The terms of the agreement were finalised at the Transnet Bargaining Council on Wednesday," Transnet said.
Commenting on the agreement on Thursday, group CEO Brian Molefe said the milestone would go a long way towards strengthening relations with the parastatal's most important stakeholder, its employees.
"Crucially, this settlement will enable us to focus on achieving our operational goals for the year," he said.
"It's also encouraging that this was done with no disruption to our operations, a positive sign for our relationship."
Zenzo Mahlangu, Satawu's general secretary, said the union was "happy" with the agreement.
"We are quite impressed that although there were issues, there was also a high level of maturity on both sides. That we were able to agree on terms without resorting to drastic measures shows that we are heading in the right direction and that we are growing."
Commenting on the offer, Utatu president George Strauss said his union was also "happy" with the settlement "and given the financial circumstances, it's very good for our members".
Transnet said all parties had agreed that the offer was a generous one "and compared favourably with the current inflation rate".
Molefe thanked Transnet's recognised trade unions for the leadership they had shown "and their hard work in ensuring that we have reached an amicable settlement in a mutually respectful manner".