BusinessLive reports that the Labour Court has interdicted Friday’s planned strike to shut down the country’s banking sector.  

Judge Hilary Rabkin-Naicker indicated on Thursday she would provide her reasons for granting the interdict in due course.  Business Unity SA (Busa) sought to stop thousands of members of finance union Sasbo from going ahead with the planned action.  Lawyers representing Busa, labour federation Cosatu and Sasbo battled it out in court on Wednesday in their efforts to convince Rabkin-Naicker to rule in their favour.  Busa argued the protest would not help address the realities affecting the banking industry and “will further burden the economy and deter investment”.

• Read the original of the report in the above regard by Luyolo Mkentane at BusinessLive
• Read too, Bank strike will hurt the economy, Banking Association warns, at The Citizen

Get other news reports at the SA Labour News home page