Banking job losses feared with increased automation

Banking job losses feared with increased automation
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NAMPA

The banking sector is set to shed hundreds of jobs as the industry introduces new technology which does not need staff to perform manual functions.
Thousands of employees in the banking sector are already set to lose their jobs in South Africa as banks have become more automated.
The trend is expected to spill over to Namibia and labour expert, Herbert Jauch says, this could have a drastic impact on Namibia's already ailing economy coupled with rampant retrenchments.