Numsa joins AYO in court battle against banks targeting black-owned businesses, while unions picket in Sandton
By Ntombi Nkosi
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Johannesburg - The National Union of Metalworkers of South Africa (Numsa) is set to join technology investment company AYO Technologies in its urgent application at the South Gauteng High Court on Thursday.
The company seeks to apply for an urgent interdict restraining FNB from de-activating or closing its banking facilities.
“Numsa will be joining this application as
amicus curiae (friend of the court). FNB has given AYO until 3 May to find a new bank, otherwise it will close the company’s transactional facilities. We must not view the decision taken by both FNB and Absa as guided by morality, principles or ethics,” Numsa spokesperson Phakamile Hlubi-Majola said.