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BL Premium reports that rail operator Transnet has reached a wage deal with the two largest unions at the utility for above-inflation increases of 6% each year over a three-year period.
This follows the conclusion of a conciliation process by the Commission for Conciliation, Mediation and Arbitration (CCMA) last week. Under the agreement, members of the United National Transport Union (Untu) and the SA Transport and Allied Workers’ Union (Satawu) will receive increases of 6% each year from 2025 to 2028. “The above-inflation wage agreement represents a 18% wage increment over the three-year period. It includes increases to basic salary and related components, viz. 13th cheque, pension fund contribution, medical aid subsidy and housing allowance,” Transnet said in a statement. It added: “The finalisation of the three-year wage agreement provides labour stability and will enable the company to focus on its immediate strategic priorities of improving operational and financial performance, while positioning the organisation for future growth, thereby ensuring job security and economic growth.” In May, Satawu and Transnet signed a wage deal for that union’s members to receive increases of 6% in the first and second years and 5.5% in the final year of the agreement. “As the majority union representing the voices of more than 26,000 employees at Transnet, Untu confirms that this newly signed agreement supersedes the previous agreement signed between Transnet and the minority union, Satawu,” Untu spokesperson Atenkosi Plaatjie advised.
- Read the full original of the report in the above regard by Luyolo Mkentane at BusinessLive (subscriber access only)
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