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What the SARB is waiting for before it starts cutting the repo rate
Headline inflation softened to 5.2% in April, but the upside risks remain, particularly from food prices.
‘Lack of maintenance or wear and tear’ gave rise to most of the disputes in several categories of insurance.
Read moreHeadline 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.
The far-reaching implications of debarment were not justified in the circumstances, the FST finds.
The report also compares the cost of banking at Absa, Capitec, First National Bank, Nedbank, and Standard Bank.
In response to allegations on social media that it’s facing a R3.3 trillion legal claim against its portfolio of assets.
The group unbundled its majority stake in Nedbank in 2018.
The Competition Tribunal has granted interim relief to the Sekunjalo Group, preventing three banks from closing the group’s accounts and ordering five others to reopen accounts that have already been closed. The interim […]