Strike action at major German and UK ports has caused major disruption to carrier schedules.

The SA Transport and Allied Workers Union has written to Ramaphosa, Godongwana and Gordhan asking them to “rescue” Transnet.

Business Leadership South Africa has criticised unions for demanding double-digit wage increases given the slow economic environment.

“The only way out of this mess is for Transnet to secure huge capital loans and to increase the rates substantially across all divisions.”

Six 17 000-TEU vessels to be delivered in 2025.

The average annual staff salary is R900 000, yet the agency will take 115 years to clear the road upgrade backlog.

August sees largest month-on-month increase.

R1-billion investment secures 100% of shares in Chilean-based terminals and logistics business.

The Department remains committed to ensuring that this transaction is implemented as soon as possible – Gordhan.

Exporters have urged the parastatal and trade unions to resolve their wage dispute swiftly to avoid devastating consequences.

Panicking exporters fear that the shutdown of South Africa’s ports could have a devastating impact on produce headed abroad.

Word on the ground is that facilities in Zambia can’t cope with spill-over traffic from bottlenecking at Beitbridge.