Tribunal hands down decision in another MyMo accounts scandal case
Standard Bank debarred a branch team leader for using her own money to activate four accounts without the customers’ consent.
Standard Bank debarred a branch team leader for using her own money to activate four accounts without the customers’ consent.
PayShap adoption takes another leap forward as Discovery joins banks offering the real-time digital payment service to their clients.
Material discrepancies about a newly appointed financial planner’s employment history came to light while she was being on-boarded.
Complaints about current accounts and digital banking were the two largest categories of cases opened with the ombudsman.
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Former Standard Bank staff contend that the FAIS Act did not apply to their debarment and conduct.
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The report also compares the cost of banking at Absa, Capitec, First National Bank, Nedbank, and Standard Bank.
Labour Appeal Court rules that Standard Bank branch manager must be reinstated.
Attorney also sought an order holding Standard Bank liable if the court found that he had to pay the respondents.
Financial Services Tribunal sets out why the policy’s absence from the record is not fatal to a procedurally fair process.
Most economists who participated in a poll by Reuters expect that the South African Reserve Bank (Sarb) will raise the repo rate by 75 basis points this week. Of the 20 economists polled […]
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 […]
Standard Bank and its lawyers have come under fire from a Durban High Court judge for taking shortcuts in an application against a defaulting homeowner. The bank sought default judgment and an order […]
First National Bank (FNB) was the only bank among the country’s “big five” banks that recorded a decrease in the number of cases opened against it by the Ombudsman for Banking Services (OBS) […]
The release of Solidarity’s annual Bank Charges Report usually generates a fair bit of interest, probably because consumers want to see whether Capitec will live up to its reputation as the country’s cheapest […]