Automotive Industry Braces for Possible Strike Action

Loading player...
South Africa’s auto manufacturing industry could be heading for disruption as wage talks between employers and the National Union of Metalworkers of South Africa (NUMSA) reach a stalemate.

On Kaya Biz, Phakamile Hlubi-Majola, NUMSA spokesperson, joins the show to unpack the union’s stance amid deadlocked negotiations. Employers have tabled a 6.5% wage increase for the first year and 5% for the next two, but the union says this effectively amounts to a wage freeze especially in an environment where rising fuel, transport, and energy costs continue to erode workers’ earnings.

NUMSA is calling for 7% in the first year and 6% in the following two, arguing that the 1% gap is both reasonable and affordable given the sector’s profitability and government incentives.
4 Nov 2025 4PM English South Africa Business News · Investing

Other recent episodes

Property market trends for 2026

South Africa’s property market in 2026 will be shaped less by expansion and more by resilience, adaptability, and risk management, according to Waldo Marcus, Director at TPN Credit Bureau. With residential rental shortages driving escalations of 4.5% to 5.5%, commercial rentals under pressure, and widening disparities between well-governed and poorly…
21 Jan 2PM 17 min

What ABSA,Standard Bank executive moves signal for SA Banking business

There’s a shuffling of executives among the big banks, last year saw Jason Quinn, interim CEO of Absa leaving Absa and heading to Nedbank to take up the reign as CEO as well as Kenny Fihla leaving Standard Bank and going to Absa. Zwelakhe Mzwakhe Mnguni, Chief Investment Officer &…
21 Jan 2PM 8 min

Global fashion, local impact and lessons from Valentino’s business legacy

The fashion world is marking the passing of Italian designer Valentino Garavani, the founder of the Valentino fashion house and one of the architects of modern luxury. Over decades, his work became closely associated with global fashion capitals and with retailers and luxury groups that helped take haute couture into…
20 Jan 3PM 22 min