Transnet declares force majeure for third time in 15 months

7th October 2022

By: Bloomberg


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State-owned ports and freight rail operator Transnet declared force majeure on the same day that strike action began, the third time Transnet has taken this drastic step since July last year.

“At this time, we anticipate that portions of our operations will be scaled down,” Transnet said in a statement. “Transnet Port Terminals is open to having consultations with customers who are willing to engage with our executive team to find practical means aimed at overcoming the effect of this force majeure event.”

The South African Transport and Allied Workers Union and the United National Transport Union both declared strike action at Transnet on Thursday after months of wage talks deadlocked.

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Edited by Bloomberg


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