Comair submits new wage offer to union

Pulse Staff 07:24 - 16 April 2016

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.

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.

South African airline operator Comair has made a new wage offer to trade union United Association of South Africa (UASA) after a three-day strike by ground staff.

"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.