SOUTH African miners are losing 815 million rand ($44 million) in export revenue per day due to an ongoing strike at state-owned logistics firm Transnet which has hit commodity exports, an industry body said on Thursday.
Transnet’s freight rail and port workers earlier said they had rejected a revised pay offer and vowed to continue the strike which started a week ago.
The Minerals Council of South Africa said major mineral export harbours were currently operating at between 12% and 30% of their daily averages due to the strike. Transnet did not immediately respond to a request for comment on the estimates.
On average, South Africa exports about 476,000 tonnes of bulk minerals a day worth 1.06 billion rand, but is currently only able to ship out 120,000 tonnes of minerals a day, the industry group said in a statement.
“According to our estimates, bulk mineral exporters are losing R815
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