Comair submits new wage offer to union
Shares in Comair, a franchisee of British Airways and the owner of South African low-cost airline Kulula.com, fell 2.8 percent to close at 3.11 rand.
President Jacob Zuma speaks during the official launch of the eChannel Pilot Project of the Department of Home Affairs in Midrand, Johannesburg, April 7, 2016.
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"We are still in talks. The company has presented a revised offer; by Monday we will have decided," UASA spokesman Jannem Goussard said on Friday, without giving details of the new offer.
The share price has fallen by more than 5 percent since Tuesday, after UASA said its members were preparing to strike.
The union wants a 35 percent pay increase over three years, while Comair is offering a 22.5 percent increase over three years, the airline said on Tuesday.
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