Sunday, 5 December 2010
SOUTH AFRICA: Proletariat will now be able to bank at night
JOHANNESBURG - UBank, a workers bank formerly known as Teba, said its partnership with Blue Label Telecoms will help the mining proletariat to cut the pre-transactional costs involved in accessing a bank branch and allow the working class to send remittances home even when the bank branches were closed.
UBank's CE Mark Williams said workers did not have enough time to access a bank branch as they went underground in the morning and by the time they came out of the mine shaft banks would already be closed. Read more