Nedbank
Tough times persist as banks process debit orders earlier than usual
With the opt-out function offered by some banks to keep debit orders at their usual dates, some account holders are now fighting reversals and penalties.
Both banks have promised that the problem would be resolved in 24 hours with the funds returned to the affected parties.
Nedbank said the cause of the double billing stemmed from a transactional file from Monday which was mistakenly processed on Friday. Capitec said it was working to resolve the matter within 24 hrs.
Nedbank stepped in and made the offer on 702's Breakfast with Bongani Bingwa Show on Thursday morning.
Nedbank Business Banking is committed to supporting businesses through the uncertainty of COVID-19.
Payment holidays are simply a freeze on commitments such as loans and bonds for a certain period. Customers who may be in a tight financial spot can opt-in or just simply carry on paying their debts as usual.
Peter Moyo has been battling with Old Mutual over his sacking since he was dismissed following a dispute over a conflict of interest in June 2019.
In a statement, Nedbank said none of its systems or client bank accounts had been compromised as a result of the issue at computer facilities.
The bank said it investigated a security issue that occurred at the premises of a service provider called Computer Facilities.
The Englishman fired a final round of seven-under-par 65 to finish tied on a 12-under total of 276 with Sweden's Marcus Kinhult, who shot 68.
Its Greenbacks programme was overhauled this year as the country’s biggest lenders step up efforts to win and retain customers following the launch of a number of upstart banks.
The tournament is from 14-17 November 2019 on EWN platforms.
Initial optimism around President Cyril Ramaphosa’s ability to revive the economy, dubbed ‘Ramaphoria’, has faded and left South Africa’s business community increasingly frustrated.
Nedbank, the first of South Africa’s major lenders to report for the period, said the economy had performed worse than expected in the six months to 30 June and cut its annual growth forecast to 0.5% from 1.3%.
This is more than just a movie, it is one of those that leave you with a purpose to go home and introspect.
The parastatal’s acting group chief executive testified about how the terms of loans worth about R23 billion were changed, against the advice of junior Treasury officials.
The Ombudsman for Banking Services has released its Annual Report on operations for 2018.
The workers allegedly withdrew US dollars from depositors’ accounts and replaced them with local electronic money.
It will be first time the $30 billion industry has faced competition since the early 2000s, when Capitec Bank muscled into a sector dominated by Absa, FirstRand , Nedbank and Standard Bank.