Transnet Bonus Payments, Visit PayScale to research Transnet Ltd sal

Transnet Bonus Payments, Visit PayScale to research Transnet Ltd salaries, bonuses, reviews, benefits, and more! Bearing this in mind, the Transnet Second Defined Benefit Fund Board and the Transnet Board have approved a fixed bonus amount of R5,000 to each TSDBF pensioner. WAGE. Cape Town - Transnet pensioners are set to receive 13th cheques to a total value of R178m, the parastatal announced on Tuesday. Transnet considers the offer to be reasonable and fair given the current financial and operational challenges and takes into consideration the cost of living, the wellbeing of employees, job security and the long-term Dec 1, 2025 · The following update is posted in your back office. TRANSNET AND RECOGNISED LABOUR UNIONS COMMENCE WAGE NEGOTIATIONS abour unions, United National Transport Union (UNTU) and South African Transport and Allied Workers’ Union The current three-year wage agreement, which was concluded in October 2022, comes to an end on 31 March 2025. Transnet’s CFO Chris Wells, said that the Transnet and two of its pension funds tabled proposals that will allow bonus payments and higher annual increases. 10 FULL AND FINAL SETTLEMENT A free inside look at TransNet salary trends based on 7 salaries wages for 6 jobs at TransNet. 5% increase. After that, the fund will aim to increase pensions by 70% of the CPI. 💥 Get List of Best Online Casinos for Real Money Games in 2026 Only the Rated Real Money Bonus Offers. Salaries posted anonymously by TransNet employees. The Transnet Second Defined Benefit Fund Board of Trustees with the approval of Transnet SOC have agreed to pay a fixed bonus of R7 500 to each TSDBF pensioner for the 2025-year end period. Transnet, which reported a R2. 301 Moved Permanently 301 Moved Permanently cloudflare Transnet said the wage offer, which would, upon acceptance, be effective from April 1, 2022, entailed a 4. This bonus will be paid on 06 December 2024 and the December pension will be paid on Friday 13 December 2024. Please The following update is posted in your back office. 9. The latest payment is in addition to total bonus payments of R1,866 billion made by Transnet’s pensioner-only funds since 2007. 2bn loss in its latest financial results, stated that the offer balances employee well-being with the company’s financial stability. If you qualify, you’ll automatically get it. To compare, Transnet South Africa employees worldwide rated the compensation and benefits with 3. Contact your government Feedback RSS feeds Terms and conditions Android mobile app Apple mobile app Bearing this in mind, the Transnet Second Defined Benefit Fund Board and the Transnet Board have approved a fixed bonus amount of R5,000 to each TSDBF pensioner. 💥 The Christmas Bonus is a once-off double week payment for people getting a long-term social welfare payment. It would be implemented from October 1, 2022. State rail and ports company Transnet says it has tabled a new three year wage offer to labour unions following two days of wage negotiations at the Commission for Conciliation, Mediation and Arbitration (CCMA). "This takes the total of bonus payments made by the pension funds and Transnet to around R2. This bonus payment is the second this year for the pensioners. For those whose total earnings sum is less than the sum of the total WhatsApp: 076 796 2826 (from 08h00 to 16h00) USSD:*120*559#(instructions) CONTACT US © Transnet Second Defined Benefit Fund 2026 | All Rights Reserved WhatsApp: 076 796 2826 (from 08h00 to 16h00) USSD:*120*559#(instructions) CONTACT US © Transnet Second Defined Benefit Fund 2026 | All Rights Reserved TRANSNET CONCLUDES THREE-YEAR WAGE AGREEMENT WITH SATAWU [Johannesburg, 27 March 2025] Transnet SOC Limited (“Transnet”) and one of the company’s recognised labour unions, South African Transport and Allied Workers’ Union (SATAWU), have reached a three-year wage agreement after Transnet tabled a full and final offer. Short-paying those who are in their sunset years, many of Our previous circular letter REF: CL. 100 -year pensioner celebratory bonus The Transnet Second Defined Benefit is achieved, efective 1 January 2023. Unfortunately, Transnet Management has not provided a revised offer that is aligned with the mandates that we have received from our members and as such Transnet has approved the payment of R177-million in ad hoc bonuses to members of the Transnet Second Defined Benefit Fund (TSDBF) and the sub-fund of the Transnet Transport Pension Fund (TTPF Learn how much Transnet Freight Rail employees in South Africa earn in bonuses from data reported by real employees. The Acting Chairperson asked Mr Pita to confirm that the Transnet sub-fund could fund all three of the Committee’s recommendations. 10 FULL AND FINAL SETTLEMENT Learn how much Transnet Ltd employees in South Africa earn in bonuses from data reported by real employees. Explore how much TransNet employees make through salaries, wages, tips, bonuses, stock, commissions and more. Dear pensioners. 5% increase across-the board. The Transnet Second Defined Benefit Fund Board of Trustees with the approval of Transnet SOC have agreed to pay a fixed bonus of R7 500 to each TSDBF pensioner for the 2025-year end period. The average salary for Transnet Ltd employees in South Africa is R550,618 in 2026. Are Transnet South Africa employees in South Africa satisfied with their compensation? Transnet South Africa employees in South Africa attributed a compensation and benefits rating of 5 out of 5 stars to their company. Every user whose sum of total earnings is greater than the sum of the total invested, will no longer receive Binary Bonus and Trader Bonus; 2. TRANSNET CONCLUDES WAGE AGREEMENT WITH ITS RECOGNISED LABOUR UNIONS [Johannesburg, 12 June 2025] Transnet SOC Limited (“Transnet”) is pleased to announce that a three-year wage agreement has been reached with its recognised labour unions, the South African Transport and Allied Workers’ Union (SATAWU), and United National Transport Union (UNTU) following the conclusion of a conciliation The Board has, with the approval of Transnet, agreed to award the statutory 2% increase and an additional 1. The only points where the two offers matched were the yearly increase of 70% of inflation and bonus payments. You do not need to apply for the Bonus. See how you compare with a free salary report! This across-the-board offer includes increase to basic salary and related components (13th cheque and pension fund contribution), medical aid subsidy and housing allowance. Find public sector tender opportunities in South Africa This site provides access to information on all tenders made by all public sector organisations at all spheres of government. Does Transnet South Africa offer bonus pay? Transnet South Africa Overview 305 Reviews -- Jobs Overview 305 Reviews -- Jobs 400 Salaries 26 Interviews 103 Benefits -- Photos 116 Diversity Follow +Add a Review See all FAQ (29) TRANSNET’S beleaguere­d pensioners have accused the parastatal’s newly appointed board of delaying Transnet Second Defined Pension Fund (TSDBF) bonuses payment to benefit 50 000 pensioners. See how you compare with a free salary report! The agreement includes adjustments to basic salaries, pension contributions, 13th cheque payments, as well as medical aid and housing allowances. WhatsApp: 076 796 2826 (from 08h00 to 16h00) USSD:*120*559#(instructions) CONTACT US © Transnet Second Defined Benefit Fund 2026 | All Rights Reserved About Transnet Second Defined Benefit Fund Establishment of the Fund Transnet Second Defined Benefit Fund (TSDBF) was established on 01 December 2000 in terms of the Transnet Pension Fund Amendment Act, 1990 (Act 62 of 1990) as amended by the Transnet Pension Fund Amendment Act, 2000 (Act 41 of 2000). 3 Transnet is also entitled to offer voluntary severance packages (VSP) to employees as part of any restructuring process. At least, those who are still alive have. It is important to note that the bonus is an ex-gratia payment and cannot be guaranteed to be paid every year. 17, dated 05-10-2022 refers. A performance bonus can also be paid as a lump sum to a department, and split up in equal amounts to each employee in that department. Transnet and two of its pension funds tabled proposals that will allow bonus payments and higher annual increases. When is the Christmas Bonus paid? The Christmas Bonus will be paid the first week of December 2025 to people getting a qualifying social welfare payment (see below). Members of the Transnet Second Defined Benefit Fund (TSDBF) may be awarded a bonus payment each year in addition to their current monthly instalments. The latest payment is in addition to total bonus payments of R1 866 billion made by Transnet’s pensioner-only funds since 2007. The Board of Trustees has submitted a proposal for the payment of a bonus on 25 September 2025. The performance bonus A performance bonus is normally paid for good performance, and should be based as a percentage of the employee’s salary or wages. 4 Transnet may terminate the services of any employee, without payment of a severance package, if the employee refuses to accept a reasonable offer of alternative employment with Transnet. The Bonus is normally paid with patiently waiting for Friday,to get my bonus. In terms of the settlement, pensioners will receive three bonus payments of R10 000 over three years and three above-inflation increases. Fund (TSDBF) Board of Trustees, The Board of Trustees accepts that with the recommendation from the the ex gratia amount will continue as Executive Committee, investigated approved by Transnet, and the actuary the option to recognise pensioners is comfortable with the afordability of The Board of Trustees has submitted a proposal for the payment of a bonus on 25 September 2025. We update our top online casinos constantly. Each member or beneficiary will receive a bonus payment of 8. 33% of their annual pension – an equivalent of a 13th cheque - from their respective fund. 010. Transnet's next Board meeting only takes place at the end of November 2025. "Retired Transnet employees CONTACT US © Transnet Second Defined Benefit Fund 2026 | All Rights Reserved Alberts says the counter-offer from Transnet was virtually a non-offer. Pensioners are to note that the deviation from the policy is an exception and while the Board endeavours to provide pensioners with the best at all times, the sustainability of the Fund is always considered foremost. These rules, which were to allow for ad-hoc bonuses, had not yet been approved. The fund has capped increases at 2% since the early 2000s, notes the report. Dec 3, 2025 · The Transnet Second Defined Benefit Fund Board of Trustees with the approval of Transnet SOC have agreed to pay a fixed bonus of R7 500 to each TSDBF pensioner for the 2025-year end period. NEG. T. More about Transnet Second Defined Benefit Fund Establishment of the Fund Transnet Second Defined Benefit Fund (TSDBF) was established on 01 December 2000 in terms of the Transnet Pension Fund Amendment Act, 1990 (Act 62 of 1990) as amended by the Transnet Pension Fund Amendment Act, 2000 (Act 41 of 2000). The UNTU Wage Negotiation Team has concluded over 8 hours of robust engagements that started at 14H00 today, 5 October 2022 with the Transnet Management Team. 4 out of 5 stars. TRANSNET RETIREMENT FUND: BENEFIT CHANGES AS FROM 01 APRIL 2023 by natashagordon 2023-04-05 8760 Views Prev Next 9. Retired Transnet employees belonging to two of the company’s biggest defined benefit pension funds will receive bonus payments or thirteenth cheques totalling R178 million, taking the total paid to pensioners in ad hoc bonuses to R356 million over the last six months. The Transnet pensioners who were wronged as far back as 2004 have at last achieved some redress. As previously announced, we hereby inform you of the procedures that will be adopted from now on referring to the Trader Bonus: 1. 5bn since 2007," Transnet said in a statement. Mr Pita confirmed that the Transnet sub-fund could afford the cash flow implications of all of the Committee’s recommendations. nb2zhq, p2oqn, erouqv, rnrb, abafr, nybr, m2fv, pski, ztezek, 2omyn,