African Bank has started formal consultations with union Sasbo over a restructuring that could cut 1,200 jobs and close 90 branches. The bank says costs are outpacing risk-adjusted revenue, and it has already looked at savings in IT, procurement and property. Interim CEO Zweli Manyathi says no final decisions have been made and the bank will work with the union through the Section 189A process. Elvis Presslin spoke to COSATU National Spokesperson, Zanele Sabela...

<p>African Bank has started formal consultations with union Sasbo over a restructuring that could cut 1,200 jobs and close 90 branches. The bank says costs are outpacing risk-adjusted revenue, and it has already looked at savings in IT, procurement and property. Interim CEO Zweli Manyathi says no final decisions have been made and the bank will work with the union through the Section 189A process. Elvis Presslin spoke to COSATU National Spokesperson, Zanele Sabela...</p>

News and Current Affairs show between 5 & 6 am on SAfm 104 to 107 anchored by Tsepiso Makwetla

First Take SA

A weekly news and current affairs show presented by Elvis Presslin on SAfm 104 to 107 from 5:00 to 6:00 am.

<p>A weekly news and current affairs show presented by Elvis Presslin on SAfm 104 to 107 from 5:00 to 6:00 am.</p>