Bank strike: Union says have cash available, systems will be targeted

Bank strike: Union says have cash available, systems will be targeted

- Arrund 40 000 members of the financial industry are set to embark on a banking strike this Friday

- SASBO general secretary Joe Kokela has confirmed that the union will be protesting planned job cuts in the sector

- While banks have insisted all will be well, the union has encouraged citizens to make provisions

PAY ATTENTION: Click “See First” under the “Following” tab to see News on your News Feed!

Friday, 27 September will see the nation's largest financial union SASBO embarking on a major banking strike.

Business Tech reports that the union's Joe Kokela has confirmed around 40 000 employees are set to protest planned job losses.

While the banks are insisting that clients will be able to interact with their funds through internet banking, ATMs and even swiping at retail chains, Kokela has warned people to prepare:

"Make sure you have enough money (cash) on Thursday. No one will be able to transact, unfortunately."

PAY ATTENTION: Do you want to know what's trending on Join our WhatsApp group today.

READ ALSO: Digital trends see banks restructuring amid high unemployment rates

Fin24 explains that Kokela insists members will shut down systems on the day, making all transactions impossible. reported that SA's move towards digital banking has seen a change in the way banks do business in the country, with branches closing down and inevitably cutting the number of employees.

While banks claim that they are engaged with employees to minimise retrenchments, Friday's protest is set to put pressure on the industry to rethink their stance on the matter.

Enjoyed reading our story? Download BRIEFLY's news app on Google Play now and stay up-to-date with major South African news!


Mailfire view pixel