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Notification of a consultation process in terms of the Labour Relations Act - ABKI
AFRICAN BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registered Bank)
(Registration No. 2014/176899/06)
Company code: ABKI
(“the Bank” or “African Bank”)
Notification of a consultation process in terms of the Labour Relations Act
African Bank hereby informs stakeholders of the commencement of a mediated consultation process
with its finance union, South African Society of Bank Officials (“Sasbo”) and potentially impacted
employees as prescribed in terms of Section 189A of the Labour Relations Act, Act 66 of 1995.
The Bank and Sasbo (“the Parties”) had agreed to mediation of the consultation process by a
commissioner appointed by the Commission for Conciliation, Mediation and Arbitration (“CCMA” or
“the Commissioner”). The Parties had their first mediated consultation on 30th May 2017 and have
today, by mutual agreement, notified potentially impacted employees of the consultation process.
The Commissioner has directed that the Parties will meet again on 21st June 2017. The Parties have
agreed to use the intervening period to consult with each other and with potentially impacted
employees, whether or not these are employees registered with Sasbo.
The Bank will keep stakeholders informed of any further material information as the mediated
consultation process progresses.
1 June 2017
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 01/06/2017 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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