Public strike continues: Three labour union federations – Cosatu, Saftu and Fedusa – have threatened another strike day on Friday (2 December) as the government refuses to meet their wage increase demands. The threats of renewed strike action follow a march to the offices of the National Treasury in Pretoria last week. While global rating agency Fitch announced it had decided to keep its rating of South Africa unchanged, the agency says that the standoff threatens the country’s debt servicing outlook if an increased wage is agreed to. –EWN
City Power: Energy regulator Nersa’s decision to approve Johannesburg’s City Power’s electricity tariffs for 2019/20 was irrational, irregular, and unlawful, according to the Gauteng High Court. According to the applicants, the bulk supplier charged 41% more than Eskom Direct Tariff on average. In order to comply with the relevant laws, Nersa must develop a new methodology within a year. –Moneyweb
Transnet auction fails: Transnet said that only two companies had participated in its auction of slots to private players – the company’s first foray into allowing private participation on the rail network. Of the two slots on auction, only one was successful. The private sector has criticised the restrictive terms of the bidding process, which set a two-year time frame, which many complained was not a bankable proposition and included that operators must accept the lease of the line “voetstoots” with no service level agreement. – News24