The court granted their request for an injunction, ruling that while it would not stop the sale, the bank must deposit D250 million into an interest-bearing account overseen by the High Court to cover possible compensation.
The employees say their rights are at risk and accuse the bank of violating its obligations under the Labour Act. “The employees have fulfilled all the necessary legal conditions for the grant of their injunctions,” the court stated in its April 16, 2025 ruling.
