State-owned rail, port and pipeline company Transnet has tabled a revised – and final – three-year wage offer, as the company reiterates its “difficult” financial situation since ratings agencies downgraded the country to junk status. Transnet proposed a 6.5%, 7.25% and 7.5% increase in 2018, 2019 and 2020 respectively, along with a 4.5% increase each year in housing allowance over the next three years and a 5.5%, 6% and 6.5% increase in medical aid allowance in 2018, 2019 and 2020 respectively.
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