newsBloomberg reports that the SA units of automakers are confident they are close to striking a wage deal with trade unions, a development that would help prevent strike action that has hampered the industry in the past.  

"We are in what I would consider the final stages and the positive is that I think both parties feel that we are within sight of finding a solution.  As an industry we don’t believe we’re far away," Mike Whitfield, president of the National Association of Automobile Manufacturers of SA (Naamsa), said on Thursday.  The carmakers are seeking a three-year deal.  Formal bargaining with the National Union of Metalworkers of SA (Numsa) and the Automobile Manufacturers Employers Organisation began in June.


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