“Banks will be operating as usual on the day,” the Banking Association South Africa said in an emailed statement on Monday. Lenders “are taking the necessary precautions to minimize disruption” related to the proposed protest action on Friday by the South African Society of Bank Officials and the Congress of South African Trade Unions, it said.
Business Unity South Africa, a separate lobby group, is seeking to stop the Cosatu protest, as the notice filed by the country’s largest labour federation to support its affiliate may not have satisfied the requirements for the action to be legally protected, the banking association said. The matter is scheduled to be heard in court on Wednesday. Cosatu will oppose the application, the federation’s national spokesman Sizwe Pamla said by phone. Sasbo has 73,000 members.
“Basa and its members recognize the rights of bank workers to engage in protest action,” the association said. “Protest action will not help to address the realities affecting the banking industry and will further burden the economy and deter investment.”
I presume online bankifgbg and arms will still operate.
They can strike but in the near future the whole banking system going to be electronic and paper money will be in museum of history.
cryptocurrency Time to finally make this the global financial standard..
A ploy by the ANC to distract while they push something else through that the dont want the South Africans to see. Really getting tired of these protests, considering that they never see the 'bigger' picture that has a ripple effect on the economy and eventually the loss of jobs.
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