File: The National Union of Metalworkers of South Africa is the country’s biggest metalworkers union. RODGER BOSCH / AFP
JOHANNESBURG - Numsa has accepted an above-inflation wage offer of six percent.
The sector lost about R500-million in output in the first week of industrial action.
Workers, in turn, lost R100-million in wages.
Numsa had initially demanded a one-year, 15-percent increase across the board.
In August, it revised it down to eight-percent after declaring a dispute at the Bargaining Council.
Almost 200,000 workers will now return to work.
Manufacturers dependent on the steel sector can now also start clearing their backlogs.