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Johannesburg - South Africa's major banks gave an assurance on Thursday that cash deliveries to ATMs were unaffected by the national truckers' strike.
There had been fears that consumers could face a cash flow crunch as the truckers' strike could result in supplies to ATMs being cut off.
SA's four largest banks said that contingency plans had been put in place and that cash deliveries had not been affected by the strike.
"FNB is currently not experiencing problems with re-stocking its ATMs. The bank planned for the possibility of this strike when the union first declared a dispute some two weeks ago.
"We are monitoring the situation on an hourly basis. There is currently lower than average traffic on our ATMs as it is mid-month," a spokesperson said.
Standard Bank Group [JSE:SBK] also said that it had not been affected at this stage. "We have contingency plans in place for cash deliveries, etc," a spokesperson said.
Dave Schwegmann, managing executive, branch network at Nedbank, said: "Nedbank is aware of the strike. The bank can confirm that the strike has had minimal impact on our banking operations."
He said that Nedbank also had contingency plans in place.
Absa too said it had made contingency plans and would monitor the situation and adapt its plans if necessary.
Independent ATMs are also able of continuing to serve customers, due to their innovative cash recycling concept.
Marc Sternberg, MD of Spark ATM Systems, said many industries, particularly the retail and hospitality sectors, had realised the advantages of having independent ATMs installed inside their premises.
With independent ATMs, the cash is recycled on the business premises, eliminating the need for deliveries and collections.
"As the ATMs are sited on a business premise such as a store, bar or a hotel, the machines are replenished by the staff using cash that is paid to the business for its goods and services," said Sternberg.
There had been fears that consumers could face a cash flow crunch as the truckers' strike could result in supplies to ATMs being cut off.
SA's four largest banks said that contingency plans had been put in place and that cash deliveries had not been affected by the strike.
"FNB is currently not experiencing problems with re-stocking its ATMs. The bank planned for the possibility of this strike when the union first declared a dispute some two weeks ago.
"We are monitoring the situation on an hourly basis. There is currently lower than average traffic on our ATMs as it is mid-month," a spokesperson said.
Standard Bank Group [JSE:SBK] also said that it had not been affected at this stage. "We have contingency plans in place for cash deliveries, etc," a spokesperson said.
Dave Schwegmann, managing executive, branch network at Nedbank, said: "Nedbank is aware of the strike. The bank can confirm that the strike has had minimal impact on our banking operations."
He said that Nedbank also had contingency plans in place.
Absa too said it had made contingency plans and would monitor the situation and adapt its plans if necessary.
Independent ATMs are also able of continuing to serve customers, due to their innovative cash recycling concept.
Marc Sternberg, MD of Spark ATM Systems, said many industries, particularly the retail and hospitality sectors, had realised the advantages of having independent ATMs installed inside their premises.
With independent ATMs, the cash is recycled on the business premises, eliminating the need for deliveries and collections.
"As the ATMs are sited on a business premise such as a store, bar or a hotel, the machines are replenished by the staff using cash that is paid to the business for its goods and services," said Sternberg.
