How consumers feel about the country’s big retail banks
One digital bank emerges head and shoulders above the rest in the 2024 South African Banking Sentiment Index.
One digital bank emerges head and shoulders above the rest in the 2024 South African Banking Sentiment Index.
A couple who were victims of business email compromise argued that FICA imposed a private law duty on Nedbank to protect them from financial harm.
The adviser said she shared the client information to prove her remuneration when applying for a job with a competitor.
Investors’ money was allegedly funnelled through offshore trust accounts and ‘cleaned’ via extensive gambling activities by ‘close and related-party enablers’.
The Ombudsman for Banking Services was kept busy with complaints about current accounts, loans, savings accounts, credit cards, and home loans.
Transnet and the SIU institute legal proceedings against Nedbank to set aside interest rate swaps that occurred when the SOE was advised by Regiments Capital.
Headline inflation softened to 5.2% in April, but the upside risks remain, particularly from food prices.
The bank also says it closed the accounts of some 190 clients in 2023 following ‘reviews of client activity and related reputational risks’.
The Equality Court makes an order in an application brought by six natural and juristic persons whose bank accounts were closed by Absa and FNB.
Solidarity’s latest Bank Charges Report singles out the progress made by Nedbank regarding competitiveness and transparency.
Investec has expressed its readiness to present its case in the Competition Tribunal after the Competition Appeal Court dismissed the rand-fixing case against several banks, including Standard Bank, FirstRand, and Nedbank, this week.
The court-appointed joint provisional trustees of BHI Trust are urging investors and creditors to submit their claim forms timeously.
Couple allege the bank said it would freeze the account when it became aware of the fraudulent transaction.
PayShap adoption takes another leap forward as Discovery joins banks offering the real-time digital payment service to their clients.
The former bank manager’s actions were driven by desperation, but the FAIS Act is not forgiving, the tribunal says.
Complaints about current accounts and digital banking were the two largest categories of cases opened with the ombudsman.
The buyer returned the second-hand car to the dealership, which was in a dispute with the person on whose behalf it sold the car.