Ubank living the “May Day promise” beyond Workers’ Day
- Post DateTue Apr 30 2019
Worker’s day also known as May Day, celebrated on the first day of May, is one of the significant celebrations observed in South Africa and globally in more than eighty countries. Officially declared as a public holiday after the first democratic elections in 1994, this holiday transformed countless workers’ lives in an era preceded by the injustices of apartheid.
The unavoidable uproar in search of better working conditions that included an eight-hour work day, the need to install fair labour practices and standardisation of employment that essentially called for equality, still drive workers today!
With workers’ plea to have equality, we ought to interrogate the level of inclusivity our workers really enjoy in the workplace. This could be from a business or work perspective…are our workers feeling that they are treated fairly and have equal opportunities? Are our workers feeling included in the shaping of our businesses that contribute to the economy, and better yet, are our workers equal and included enough to help build our economy?
Inclusivity is intertwined with equality, and until we balance the two effectively, our economies will continue to have unceasing discrepancies experienced by the majority of the workforce in our country. Our country is still plagued by workers who are not able to take advantage of more offerings from financial institutions or those who are ignored and disadvantaged by businesses because of their adversity legacies, said CEO, Ubank Luthando Vutula. Inclusivity starts with changing the landscape of the still unbanked consumers and workers by exposing them to more inclusive financial services opportunities.
Much like Ubank’s principal target market, the mineworkers were overlooked by many banks, further dividing the marketplace, perpetuating inequality and further diminishing inclusivity of all in the economy. Fourty year later, it gives me a great pleasure to see Ubank still living the May Day promise beyond Workers’ Day and now assertively extending this promise to adjacent markets to serve other workers’ markets, concluded Vutula.