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sasboThe Star reports that retail bank Capitec could soon be hit by a national strike over wages and other labour issues, with thousands of workers gearing themselves up for industrial action.  

Finance union Sasbo has announced that it is busy communicating with its 6,300 members with a plan to embark on a national strike.  Sasbo general secretary Joe Kokela accused Capitec of refusing to come to the bargaining table and negotiate in good faith.  The union, which was recognised last year for collective bargaining purposes after years of campaigning and recruitment, accused Capitec of not giving practical effect to the recognition through engaging in a “proper bargaining process” with the union.  Kokela indicated that the balloting was expected to be completed by the end of March and the union would be outlining how the national strike would take form.  Sasbo assistant general secretary Myan Soobramoney said the union was still willing to hold talks with the bank if it was prepared to discuss the demands of workers.  “We repeat our previous advice that the leadership of Sasbo are intent on engaging the employer and on trying to find an amicable conclusion to the collective agreement.  Under the circumstances, however, given the lack of commitment from the bank to resolve this matter with the urgency it requires, we have decided to ballot our members for a national strike in Capitec Bank,” he indicated.  Uni Africa’s Keith Jacobs commented:  “Capitec is one of the fastest growing banks in the country, and workers deserve their fair share of the company’s success. We stand in solidarity with Sasbo as they prepare to strike. The bank should stop staling with endless delay tactics, and listen to workers’ voices.”

  • Read the full original of the report in the above regard by Siviwe Feketha on page 6 of The Star of 4 March 2020


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