SAfrica’s Transnet says signs pay deal with union

JOHANNESBURG, May 27 (BestGrowthStock) – South Africa’s state-owned
logistics group Transnet [TRAN.UL] said on Thursday it had
signed a wage deal with a transport union, ending a three-week
rail and ports strike.

“Yes, they have signed,” Transnet spokesman Mboniso
Sigonyela told Reuters.

The South African Transport and Allied Workers Union
(Satawu), which represents 39 percent of Transnet’s 54,000
workers, said its members would resume work on Friday.

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(Reporting by Agnieszka Flak; editing by James Macharia)

SAfrica’s Transnet says signs pay deal with union