South Africa's Bank Workers Plan Nationwide Strike
Banking activities looks set for a nationwide strike this Friday. The South African Society of Bank Officials (SASBO) says it is planning a nationwide on September 27, 2019. South African Banks Source : businessteck.co.za This industrial action is due to the job losses and retrenchments at South African banks, which have directly led to branch closures and increased adoption of digital banking services. Around 40,000 bank workers will be involved in the strike. But the courts may save the economy from this imminent collapse. Business Unity South Africa (Busa) have applied for an urgent interdict against the bank strike. This crisis reaction is a direct attempt to avert chaos at the eleventh hour. If their efforts are unsuccessful, the banks of South Africa seem well prepared for the demonstrations: What are the banks saying? Standard Bank: They have taken precautionary measure, sending text messages to warn customers of the potential bank strike. They maintain that onl...