About Us

Insurance & Banking Staff Association

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 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.  IBSA represents and defends its members on fundamental issues within the workplace such as a decent living wage and  gender inequality, retrenchment, restructuring, unfair labour practices in the workplace, grievance procedures, disciplinary hearings and CCMA cases.

Improving the working conditions and living standard of workers in the financial services sector.


    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. The Insurance & Banking Staff Association was based on a branch structure representing members at various organizations such as Old Mutual, Nedbank and Sanlam.


    The Insurance & Banking Staff Association is a founding affiliate of the Federation of Unions of South Africa (FEDUSA) who represents IBSA at the National Economic Development and Labour Council (NEDLAC) where leadership of government, labour, business as well as community meet to discuss issues affecting the Insurance and Banking sector. FEDUSA is an essential voice of the Insurance & Banking Staff Association in the Public Finance and Monetary Chamber.

  • Why Join IBSA?

    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 they are 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 Track Record

    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 protection of your benefits and services and in turn, employers build a staff complement of committed, happy employees.

We defend our members on the fundamental issues within the workplace.

84 years

Of combined industry experience.

Our Employers

Insurance & Banking Staff Association

“Coming together is a Begining, Keeping Together is a Progress, Working together is a success.”

A registered trade union in the Insurance and Banking Industry. Our hope is to achieve a healthy democracy by engaging our members ensuring their rights.

  • IBSA Head Office

    Unit 35, Viking Business Place, 29 Thor Circle, Thornton, 7475

  • IBSA Old Mutual Office

    Jan Smuts Drive,
    Cape Town,

  • Monday – Thursday: 08h00 – 16h30
    Friday: 08h00 – 16h00
    Weekends & Public Holidays: Closed

    Telephone: (021) 531 5470
    Email: ibsa@ibsa.org.za


    Insurance & Banking Staff Association