Today's Labour News

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OakbayThe New Age reports that mineworkers from the Gupta-owned Optimum and Koornfontein collieries, along with members of the Hendrina community in Mpumalanga, on Tuesday marched to their local banks over the closure of Oakbay-linked accounts.  

They submitted their memorandum of demands to Standard Bank, Absa and Capitec Bank.  Management at all three banks accepted the memorandum and said they would forward it to their head offices.  The employees have demanded that the banks ensure employees at the mines do not lose their jobs due to the closure of accounts.  “As it is widely publicised that these mines are in a process of being sold we demand that the banks wait until this process is concluded as a means of saving jobs,” the memorandum read.  Sbu Mahlangu of the National Union of Mineworkers (NUM) said that they were giving the banks seven working days to respond to their memo.  The Bank of Baroda is reportedly the only remaining bank in SA that still has active bank accounts with Gupta family businesses and litigation is pending in that regard.


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