On Now
Weekdays 06:00 - 09:00
The Good Morning Breakfast Shandor, Margaret and John
Show Background
NEXT: 09:00 - 12:00 Mid-Morning Magic with Ashmund
Listen Live Streams

Business

#OFMBusinessHour - Banking Services Ombudsman sees a 13% rise in complaints in 2021

───   20:25 Thu, 12 Aug 2021

#OFMBusinessHour - Banking Services Ombudsman sees a 13% rise in complaints in 2021 | News Article

The office of the Ombudsman for Banking Services in South Africa saw a rise of 13% in complaints in the first half of 2021 as compared to 2020.

The Ombudsman, Reana Steyn, says instances where her office referred complainants back to the bank in question, rose by 40% in 2021. Steyn tells the OFM Business Hour that her office does not know what is driving the spike in complaints. She says the vast majority of the complaints are fraud-related: internet banking and ATM scams.


Podcasts

#OFMBusinessHour - Banking services ombudsman sees a 13% rise in complaints in 2021:

@ 2026 OFM - All rights reserved Disclaimer | Privacy Policy | We Use Cookies - OFM is a division of Central Media Group (PTY) LTD.