SAfrica transport union says strike may end Thursday

JOHANNESBURG, May 20 (BestGrowthStock) – The biggest union at South
Africa’s logistics group Transnet said most of its members
favoured a new proposed deal, and an agreement could be signed
on Thursday ending a strike that paralysed rail traffic.

The strike, now in its second week, has affected the
country’s ports and dented exports of metals, fruit and wine to
Europe and Asia and hit imports of car parts and fuel supplies.

Chris de Vos, general secretary of the United Transport and
Allied Trade Union, said a parallel strike affecting commuters
could also be signed later on Thursday.

“It looks good. The feedback that we are getting is that the
majority of our members are accepting the agreement,” he told
Reuters.

“Both agreements could be signed later today (Thursday). If
all goes well, all workers will be back at work tomorrow.”

Stock Market Money

(Reporting by Agnieszka Flak; editing by James Macharia)

SAfrica transport union says strike may end Thursday