Banking strike will affect digital platforms, says Sasbo

The South African Society of Bank Officials (Sasbo) has vowed to shut down all digital banking platforms on Friday, according to an article published by ITWeb.

South Africa’s largest financial union has threatened the country with a complete blackout of transactional services, including cash withdrawals, in response to the increase in digitalisation and job losses in the sector.

South African banks have been advising their customers to use online banking platforms on Friday.

However, Sasbo general secretary Joe Kokela told ITWeb in an interview: “Whatever the banks say, it’s their right; I can only speak on behalf of Sasbo and say the digital platforms will be affected. Those services are all controlled by human beings to be able to perform a function. Our argument is that these services will be affected on Friday.”

Sasbo hopes the single day of industrial action will mitigate the retrenchments that have become common in the sector.

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