Company Data
| Last traded |
R353.58 |
| Change |
R-2.42 |
| % Change |
-0.68% |
| Cumulative volume |
999,481 |
| Market cap |
R227.90bn |
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Johannesburg - The end of the chemical sector strikes, including that in the fuel sector, is in sight, an employer group has said.
Mxolisi Ratsibe, who chairs the National Petroleum Employers’ Association (NPEA), reckoned the worst was over after the sector’s largest union, Ceppwawu, on Wednesday requested meetings with all five sector councils in the chemical sectors’ bargaining council.
This union will probably present its members’ response to the offer on the table at the meetings likely to be held on Friday.
The current offer is from 8% to 10% for different worker categories. A final concession will probably be demanded before an agreement can be concluded, possibly early next week.
On Wednesday minority trade union Solidarity put an end to its members’ sluggish participation in the strike at Sasol and PetroSA - after less than three days.
But it has not accepted the current offer and said that after the next round of negotiations this week it will again report to its members on Tuesday.
- Sake24
For business news in Afrikaans, go to Sake24.com.