South Africa Strike Over

The two week strike that has crippled South African ports and export commodities is finally over! Earlier this week South Africa's largest union agreed to a three year wage agreement which includes a 6% increase for the first and third year and a 5.5% increase for the second year. While smaller unions have not officially jumped on board, they have agreed to halt strike action. 

The country's number one priority now will be clearing the backlog that occurred from the multi-week work stoppage. While this effort is being tackled full-force, it may take weeks or even months for the supply chain to normalize. Entering into the holiday season, the country may still be in for several difficult weeks ahead.