Latest IBSA News

Who is IBSA?

IBSA was based on a branch structure representing members at various organizations such as Old Mutual, Nedbank and Sanlam. In 1994, OMREB representing members at Old Mutual was established as a branch of IBSA and has grown significantly over the years.

At a high level strategic planning session in August 2018, it was decided to dissolve all the branches with the vision of unity and expansion to ultimately benefit all members across the financial services sector.

What do we do

Although significant strides in the amendment of the Labour Relations Act, IBSA represent and defend it members on the fundamental issues within the workplace for a decent living wage, gender inequalities, retrenchment, restructuring, unfair labour practice in the workplace, grievance procedures, disciplinary hearings and CCMA cases, while there are still critical concerns for workers in the financial services sector.

IBSA Values

At IBSA we know the importance of a sympathetic approach to understanding our members needs, their attitude and their problems. For IBSA, a certain amount of commitment and empathy for a cause is a critical value that resonates throughout our organization, even in uncertain conditions.

IBSA Benefits

The fundamental benefit is that IBSA offers advice, support and representation to employees on labour matters in the financial services sector.

IBSA provide access to expert legal consultation on:

  • Grievance procedures
  • Disciplinary hearings
  • Labour Court matters
  • CCMA cases
  • Member engagement and training

IBSA Track Record

The track record of IBSA, the union that has been in existence from 1936 and is still going strong.  IBSA has prevented the retrenchment of many members and successfully represented numerous members in the CCMA and Labour Court. Since 1936, IBSA has successfully improved the terms and conditions of employment for all members, underpinning the cordial relationship and mutual respect between employees and employers. This is our unique approach to ensure that as an IBSA member, you enjoy maximum protection of your benefits and, in turn, employers build a staff complement of committed, happy employees.

IBSA pride ourselves in working with well-respected corporate organizations in the banking and insurance industry to achieve optimum outcomes for employees and employers.

Why Join IBSA?

Perhaps you’ve just joined your Employer and you’re looking forward to a long and happy career with the company OR you’ve never seen the need to belong to a Union?

Unionisation is a good idea in the same way that Short Term Insurance on your house or car are good ideas. After all, you don’t insure things because you know it is going to break or get damaged – you insure it because there is a possibility that it might and you need to protect yourself from financial loss in the event of that happening.  IBSA provides similar protection should things go wrong in the workplace!

Many employees contact us when they are in trouble and then want to join.  We cannot represent you if you are not a member in good standing. IBSA employs highly qualified Consultants (majority of them have Legal degrees) with years of experience to represent you!

How it all came to be?

Historically, established as a workplace forum in 1936 by a group of bank workers, to be formalized as a trade union in November 1997, in accordance with the Labour Relations Act of 1996 as well as the rapid changes in the financial services sector, the Insurance and Banking Staff Association (IBSA) was formed.

 The purpose of forming a trade union was to ensure worker rights in the workplace, to improve the working conditions and living standard of workers in the financial services sector…

Where are we now?

IBSA was based on a branch structure representing members at various organizations such as Old Mutual, Nedbank and Sanlam. In 1994, OMREB representing members at Old Mutual was established as a branch of IBSA and has grown significantly over the years.

At a high level strategic planning session in August 2018, it was decided to dissolve all the branches with the vision of unity and expansion to ultimately benefit all members across the financial services sector.

6500

Total Members

70

Successful cases in 3rd quarter of 2018

106 years

of combined industry experience