Bus services expected to resume tomorrow | Fin24
 
  • Mboweni on State Capture

    The new finance minister has described state capture as a 'great public sector heist'

  • Kganyago on Populism

    The central bank head says SA must learn economic lessons from Venezuela and Zimbabwe.

  • Up in the Air

    Uber Air could see SA shoppers flying to malls via skyports, says a company executive.

Loading...

Bus services expected to resume tomorrow

May 14 2018 16:38
Terry Bell

The national bus strike is settled - via another compromise. 

The sticking point that delayed a settlement was the insistence by the unions that the agreed 9% pay rise be backdated to the scheduled start date of April 1. 

Employers insisted on the increase only being paid from the time the latest deal was signed.

Now it seems - and an announcement is expected later on Monday - that the employers have agreed to backpay from April 1 to April 17, when the strike began. However, the payment will be on the basic wage. 

All parties have apparently signed, with unions now informing their members that the strike is over and employers agreeing to lift their lock-outs.

Services should resume tomorrow.

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest. 24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

sa economy  |  bus strike  |  labour
NEXT ON FIN24X

 
 
 
 

Company Snapshot

#MINIBUDGET2018

All eyes are on Tito Mboweni as he readies to deliver his maiden mini budget speech amid an ailing economy and eroded confidence.
 

Money Clinic

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

Voting Booth

MiniBudget2018:

Previous results · Suggest a vote

Loading...