# Transnet strike costs South African miners $44 mln a day - industry body

> South African miners are losing about 815 million rand ($44 million) per day in export revenue because of the Transnet strike, according to the Minerals Council. Major mineral export harbours were running at 12% to 30% of normal daily volumes.

- Date: 2022-10-13 · published 2022-10-13T12:00:00.000Z
- Category: logistics · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/39152-transnet-strike-costs-south-african-miners-44-mln-a-day-industry-body
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

The strike is curtailing South African bulk and port throughput, a logistics constraint with limited direct effect on feed commodity prices.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/safrican-unions-reject-transnets-revised-wage-offer-continue-strike-2022-10-13/

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