Trade union Sasbo and its trade union, Cosatu, are not allowed to continue their planned mass strike in the banking sector on Friday.
Various reports were doing the rounds as to what and when the bank staff would strike and speculate on what their effects would be on the country and its people. Economists have pointed out that this country, which is crippled by its heavy debt burden, cannot afford such a strike and that strikes will not change banks’ decisions to lay off staff.
In the end, the banks were given an interdict which states that the strike will be unprotected but also prohibited as an illegal act. Cosatu trade union, as well as other trade unions such as Sasbo, were called to trial by the court and experts say the unions that have no idea of economic realities were stopped in the right time and in the right way.
Judge Hilary Rabkin-Naicker granted an interdict against the strike in the Labor Court on Thursday.
