The Labor Court in Johannesburg on Thursday ruled that a banking strike planned for Friday was unlawful and should not go ahead.

The Banking union Sasbo and about 50,000 of its members planned to hold marches across major cities on Friday to protest retrenchments in the banking sector.


Thousands of jobs have been lost in the banking sector since 2019. Sasbo has expressed concern about more job losses which the union has blamed on the fourth industrial revolution.

Reacting to the court ruling, Cosatu, Congress of South African Trade Unions with which the Sasbo affiliated, said they respected the decision despite disagreeing with it.

“The Cosatu has noted the decision by the court to interdict the planned financial strike that was organized by Sasbo and COSATU. We totally disagree with the court’s decision but we respect our judicial system so we will abide by the decision while launching an urgent appeal against this,” said Cosatu spokesperson Sizwe Pamla.

The Federation would re-apply for a new strike date and continue mobilizing employees to join it.

“The business lobby group BUSA should know this is a pyrrhic victory. The court’s decision has only served to delay the inevitable. Workers will not be cowed and intimidated by this but will only be energized to settle this score and organize a much bigger shutdown,” said Pamla. Enditem


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