The two-week strike by construction workers at Durban's Moses Mabhida 2010 stadium may end on Monday, the National Union of Mineworkers (NUM) said. NUM spokesperson Bonginkosi Mncwabe said an offer had been made by the building contractor, the Group Five/WBHO consortium.
Negotiations between the National Union of Mineworkers (NUM) and the Group Five-led consortium building Durban's Moses Mabhida Soccer World Cup soccer stadium have yielded a draft agreement. NUM's KwaZulu-Natal regional coordinator Bonginkosi Mncwabe said the union's leadership would present the agreement to workers on Saturday.
Industrial action is set to continue at Durban's Moses Mabhida Stadium for the 2010 World Cup following talks between worker representatives and the builders. The National Union of Mineworkers was locked in talks with building consortium Group Five/WBHO for nearly six hours on Thursday.
South African stocks pulled back from modest gains achieved in early deals to trade flat at noon on Monday, as traders struggled to find a clear-cut path. At midday, the JSE's broader all-share index was neither here nor there (+0,06%) at 32 154,700. Resources were up 0,20%, while the gold- and platinum-mining indices added 0,53% and 0,22% respectively.
South African construction and engineering firm Group Five boosted half-year headline earnings per share by 41%, and predicted more growth as it benefits from a construction boom. The company said headline EPS from continuing operations rose to R1,74 from R1,23 in the six months to end December.
