# S.Africa's Transnet agrees three-year wage deal with majority labour union | Reuters

> South African state-owned logistics firm Transnet agreed a three-year wage deal with the union representing its majority of workers on October 17, ending a two-week strike. The strike had hobbled freight rail and port operations, including Durban, and piled up millions in losses.

- Date: 2022-10-17 · published 2022-10-17T12:00:00.000Z
- Category: logistics · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/39148-s-africa-s-transnet-agrees-three-year-wage-deal-with-majority-labour-union
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Resolution of the strike should restore South African port and rail throughput for agricultural and mineral exports, easing logistics bottlenecks for grain and oilseed shipments routed through Durban; the impact on feed commodity prices is modest.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/world/africa/safricas-transnet-agrees-three-year-wage-deal-with-majority-labour-union-2022-10-17/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.