The marathon strike in the steel and engineering sector is finally over. The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) has announced that it has reached a landmark wage agreement with the National Union of Metalworkers of South Africa (Numsa).

This comes after three weeks of a crippling strike which has cost the industry over half a billion rand.

Meanwhile, striking workers, have lost in excess of R 200 million in salaries due to the no-work no-pay rule.

Both SEIFSA and Numsa are scheduled to announce details of the agreement on Thursday afternoon.

On Wednesday, Numsa called a meeting to decide whether or not to call off the marathon wage strike in the steel and engineering sector:

Earlier this month, Carmaker BMW said it is unable to produce hundreds of cars at its assembly plant in Rosslyn, in Pretoria, due to a shortage of steel at its suppliers.