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Components|Financial|Housing|SECURITY|Transnet|transport
Components|Financial|Housing|SECURITY|Transnet|transport
components|financial|housing|security|transnet|transport

Transnet concludes wage agreement with recognised labour unions

13th June 2025

By: Sabrina Jardim

Creamer Media Online Writer

     

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State-owned Transnet has announced that a three-year wage agreement has been reached with its recognised labour unions – the South African Transport and Allied Workers’ Union and the United National Transport Union following the conclusion of a conciliation process led by the Commission for Conciliation, Mediation, and Arbitration.

The wage agreement provides for a 6% increase for each of the financial years to 2027/28.

The above-inflation wage agreement represents an 18% wage increment over the three-year period. It includes increases to basic salary and related components, thirteenth cheque, pension fund contribution, medical aid subsidy and housing allowance.

Transnet says the finalisation of the three-year wage agreement provides labour stability and will enable the company to focus on its immediate strategic priorities of improving operational and financial performance, while positioning the organisation for future growth, thereby ensuring job security and economic growth.

“Transnet would like to thank all the stakeholders involved in the process to date,” the utility says.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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