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Sasbo the Finance Union representing 71 000 members in the Finance Sector of South Africa will with effect from 13h30 on Friday, 28 September 2018 be commencing with legally protected industrial action in SBV Services South Africa.

We are implementing a total shutdown effective from 13h30 today in all SBV Centres nationally and have called on all our members to down tools in support of our demands relating to Salary Increases for 2018/2019.

The Union has been in negotiations with SBV since April 2018 and have followed and complied with all the necessary legal processes in order to ensure that the action is legally protected.

The employer has all along been saying that Sasbo’s action will not be protected and in this regard SBV launched an urgent application to the Labour Court on 10 September 2018. The matter was heard by the Labour Court on 14 and 18 September 2018, before judgement was handed down by the court today (28 September 2018), where the court declared Sasbo’s strike action as legally protected.

Given that the nature of SBV’s operations relates to the bulk and retail distribution of cash in South Africa, we wish to caution the public that this action will affect the availability and circulation of cash in South Africa.

SBV has unfortunately left Sasbo with no other choice but to proceed with this action in support of our members and in defence of the rights and interests of our members in SBV.

28 Sep 2018 < Back