Nationwide Banking Strike on Friday

25 Sep 2019
Nationwide Banking Strike on 27 September 2019

As it is not enough that economy and businesses are battling, the unions live and breathe the smog of fear of anyone, who is threatened to lose their job. Hence the union for the banking sector have motivated and instigated once again a strike of epic proportion, designed to cripple the ruling banking mafia. More than 50 000 bank employees will be protesting against retrenchments on Friday 27 September, making it difficult for consumers to transact, according to the finance union SASBO. This protest action has been planned since June and there is no way the union will back out now, even if banks change their minds about retrenchments ahead of the protest scheduled for Friday. “As SASBO we are adamant there is nothing they (banks) can do,” a spokesperson commented and added: “We no longer trust what banks are saying and doing to our members.”

SASBO says it represents about 70% of workers in the banking sector, about 73 000 people of which between 45,000 and 50,000 workers have committed already to protest against retrenchments caused by branch closures in recent months. Earlier this year Standard Bank closed 91 branches, with as many as 1 200 jobs affected,and ABSA also warned that hundreds of its jobs may be at risk as part of a restructuring initiative.

“We will shut down systems in the banking industry,” SASBO said and confirmed that ATMs will also be affected, as well as any card transactions. “Make sure you have enough money (cash) on Thursday!” … “No one will be able to transact, unfortunately,” he emphasised.

This week’s protest is protected under section 77 of the Labour Relations Act because it is related to a socio-economic matter, SASBO said. SASBO has received a certificate from the National Economic Development and Labour Council to go ahead as the union wants banks to consider other options besides retrenchments, such as reskilling programmes for workers to stay employable. The protest, which will kick off at 10:00 on Friday, will be nationwide, with marches taking place in Johannesburg, Cape Town, Port Elizabeth, Bloemfontein and Durban. There will also be picketing. SASBO will hold another march, on October 7.

This protest will be led by trade union federation Cosatu.

PLEASE NOTE: SARS has warned that the strike may impact tax payment and refund transactions, and encouraged taxpayers to conduct any transactions with SARS at least two business days in advance.

Readers Comments

Vera joe | Thu, 26 Dec 2019 12:46:45 +0100
I'm from USA i want to testify of a great and powerful spell caster my husband left me and the kids for 2 weeks when i called him he didn't pick up when he came back home the 3 week he told me he wanted a divorce i was so sad i cried all night he left again i was so lonely the next day i was searching for something online when i found a spell caster called Dr Azuka who have helped so many people with their problems so i contacted him with my problems he told me it will take 24hrs and my husband will be back to me i did every thing he told me to do and the next day my husband came back kneeling and begging he canceled the divorce we are now happy together Dr Azuka can help you too email him at ( or contact him on whats app +44 7520 636249
Gina Gina | Tue, 31 Dec 2019 12:33:16 +0100
i am here to express myself on how Dr Iwisa saved my marriage from divorce. Myself and my husband were having some misunderstanding and it was tearing our marriage apart to the extend my husband was seeking for a divorce. So i have no option than to go to the internet to seek for solution to my problem it was there i came across Dr.Iwisa details and about how he has helped a lot of people by restoring there relationship. I contact Dr.Iwisa and in less than 48 hours my husband cancelled the divorce papers. Now myself and my husband live together in peace and harmony all thanks to Dr.Iwisa for saving my marriage from breaking up. Dr. Iwisa contact information are via email: WhatsApp +27730886631 Website:
abdullahibrahim | Wed, 01 Jan 2020 14:30:12 +0100
Available Instant Loan Offer For Everyone In Need Of Loan We stand apart from other lenders because we believe in customer service just 2% interest rate, both long and short term you have come to the right place I'll advise you can contact us via email whatspp Number +918929490461 Mr Abdullah Ibrahim