Today's Labour News

newsThis news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.

sarb thumb medium60 101Cape Times reports that, while the ongoing strike at the South African Bank Note Company, which produces notes for the SA Reserve Bank (SARB), will not be felt immediately, the economy will not be sustained if it goes on for a month.  

Fikile Mano, spokesperson for the striking workers, said that the effects would not be felt right away since money was printed ahead of time, but the excess was not inexhaustible.  He indicated that workers in the canteen and printing departments were unhappy about wage increases and their medical aid subsidy.  As such, the printing machines and tea services had come to a standstill, leaving the SARB with about a month’s worth of money to feed into the economy.  But SARB spokesperson Jabulani Sikhakhane said there was no need to panic as the strike would not have any effect on the availability of bank notes “because we have sufficient amounts in stock to meet the requirements of the economy.”  He said they remained hopeful that a mutually beneficial solution would be found through the normal processes of negotiations.

  • Read this report by Matlhatsi Dibakwane in full at Cape Times

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