Saturday, May 15, 2010

Billions lost due to Transnet strike

By Kim Saulse
15 May 2010


Economists say the country faces the loss of billions-of-Rands if a strike that has shut ports and rail lines and slashed exports of metals, wine and fruit to Europe and Asia isn't resolved quickly.

Shipping company Safmarine says it is experiencing serious delays with regard to the movement of cargo in South African ports.

The movement of containers and vessel operations has been severely affected since the Transnet strike started on Monday.

Safmarine’s chief executive Fred Jacobs says a special task team has been set up to make alternative plans:
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