Minerals Council South Africa urges speedy resolution to Transnet strike

JOHANNESBURG, Oct. 13 (Xinhua) -- The South African mining sector said Thursday the strike by transport utility Transnet is costing the country, businesses, and the mining sector billions of rands, damaging an already fragile economy.

The Minerals Council South Africa said the mining sector accounts for over 80 percent of Transnet's rail business and 50 percent of the group's income. They said the continuation of the strike will further damage the fragile economy. The employees from South African state-owned company Transnet have been on strike for over a week affecting exports tremendously.