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Archive of News

Strike could hit SA's supply of money

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.



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