Transnet has confirmed that, in a second round of mediation concluded yesterday afternoon, the talks intended to resolve the ongoing wage dispute were constructive and positive Sharon Gill reports
Transnet and labour have agreed to reconvene today at 16h00 local time
Transnet has maintained its senior teams at command centres throughout the country to ensure that recovery plans are put in place to make up for backlogs accumulated during the strike
Meanwhile, Transnet spokesman John Dludlu issued a statement in response to union comments that the company had given workers a 7% increase last year while giving executives a 14% increase
"This statement is untrue and malicious Over the last three years, increases to executive remuneration have averaged 56% In fact, last year, all management accepted a zero percentage increase for the first six months of the financial year and 5% implemented on October 1, 2009 - an effective 25% for the year"
The strike has disrupted South Africa's rail and port operations, and Transnet is applying the "no work, no pay" principle
"When Transnet stops, South Africa stops," said Chris Wells, Transnet's acting group chief executive "I invite all our employees to return to work and not lose any more money as our offer is fair and generous In the meantime, we are working tirelessly to reach an agreement with our unions"
Kerry Logistics has broken ground on the expansion of its multi-purpose Kerry Siam Seaport (KSSP) in Laem Chabang, Thailand.
Wincanton has issued an Interim Management Statement for the period from October 2011 to February 2012.
Earlier this week DP World reported volumes in terms of TEU (Twenty-Foot Equivalent Units) up 9% over 2011.