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Digital payment fraud on the rise in South Africa, warns Ombudsman for Banking Services

Digital payment fraud on the rise in South Africa, warns Ombudsman for Banking Services
news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.

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South Africa: President Ramaphosa's enquiry could take two years

The South African Ombudsman s investigation into President Cyril Ramaphosa s embarrassment over a scandal involving bundles of cash found in one of his properties during a burglary in 2020 could take at least two years, ....

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Surge in universal life policy complaints in South Africa

As regulator is forced to step in ....

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SA banking ombudsman refunds R16 million to consumers during 2020

SA banking ombudsman refunds R16 million to consumers during 2020
By Jehran Naidoo
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DURBAN - The South African Ombudsman for Banking Services (OBS), Reana Steyn, said on Wednesday that they had recovered and refunded R16 million to consumers over the past year.
This, after the OBS published a summary of its annual report on Wednesday.
The year of the pandemic saw the OBS record a 19 percent higher rate of consumer complaints, with 7,717 formal cases being lodged as compared with 6,472 cases the year prior.
The OBS closed 7,230 cases during 2020, signifying an 18 percent increase as compared with 2019, which saw 6,133 cases being closed. ....

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