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State-owned company costing South Africa R1 billion per day gets another lifeline | SA News

Luke Fraser
 ·17 Jun 2025

Business Leadership South Africa (BLSA) CEO Busisiwe Mavuso has criticised the wage increase at Transnet, as many other businesses have had to cut staff. 

Last week, Transnet overpaid a union strike after agreeing to pay rises of 6% for the next three years, double the current inflation rate and above estimates for the coming years.

Mavuso said that the agreement shows a failure of leadership from both militant unions holding the country hostage with strike threats, and management for caving to their demands with no…

Longest Wine Route: The Cape Winelands is home to the longest wine route in
the world, with numerous vineyards and wine estates.

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  1. Fun South African Fact: It’s a holiday destination like no other! Looking for a beach holiday? South Africa has sunshine, sea and golden beaches. Seeking a safari adventure? South Africa is home to incredible wildlife and game reserves. Keen for an escape into wine country? South Africa’s Cape Winelands are waiting to be explored! On top of all of this, you can discover cosmopolitan cities and quaint seaside towns. Or, drive through breathtaking mountain passes and travel along dusty, desert roads.

  2. Be careful of the man who stays calm and smiles in a crisis for he has already found someone to put the fault on.