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ARC Investments has been a partner since 2017, its latest capital injection of around R67m takes its stake to just above 70%, and it will be ‘a good thing if Transnet gets its act together’; the market is big enough for it not to impact our growth forecast – Linebooker CEO Naudé Rademan.
Mining unions and experts have warned of a possible jobs bloodbath as Transnet failed rail infrastructure continues to hamper the movement of commodities to the ports.
Steel and engineering body Seisfa is urging unions and Transnet to resolve the ongoing strike. Billions could be lost if the mass action continues.
The South African Federation of Trade Unions General Secretary Zwelinzima says they are in solidarity with striking Transnet workers.
An impasse, which has proven costly to Transnet, its customers and the economy, has been resolved.