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South Africa Reaches Deal With Port Workers to End Labor Dispute

South Africa’s state-owned port and rail authority Transnet said it reached a three-year wage deal this week with the labor union representing its workers, ending a strike that had frozen the country’s trade lanes. The announcement comes after two weeks…

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of strikes that led to “severe” staff shortages and threatened to “cripple” South African agricultural trade, USDA’s Foreign Agricultural Service said in a report earlier this month. Transnet said its “priority” is clearing the backlogs across the country’s port and rail system. USDA said the labor dispute has caused “significant vessel lineup” and backlogs at the country’s major ports.