Nedbank blocks popular digital stokvel's accounts amid fraud probes | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 80%

México Noticias Noticias

México Últimas Noticias,México Titulares

Nedbank has blocked the accounts of United African Stokvel after a number of clients complained that the company had stopped paying out funds and essentially shut down communications. | News24_Business

The stokvel, founded in 2019 in Gauteng by Darren and Shirley Lynn Langbein, sold itself as the next step in the evolution of the traditional stokvel. to members in March. Members say that the stokvel's consultants stopped answering their phones around this time.

The Financial Sector Conduct Authority raided its offices in June in a search-and-seizure operation. The financial watchdog later said that UASV had no license to operate as a financial services provider and had not applied for one. Meanwhile, the National Stokvel Association of SA said it declined United African Stokvel's membership application in 2019 as it did not fit the definition of a stokvel.

Members whose payments were cut short have also lodged over a dozen complaints against the company and its directors with the police.In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 4. in MX

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Business Talk with Michael Avery – South Africa’s best podcast for business thought leadershipBusiness Talk is South Africa’s leading business-focused video podcast, where C-level executives and industry experts share their valuable insights.
Fuente: BusinessTechSA - 🏆 24. / 61 Leer más »

World stocks set for worst week since March; US payrolls in focusEuropean stocks indexes fell on Friday, while the dollar headed for a third weekly gain as investors assessed U.S. economic data that largely showed a resilient labour market ahead of the all-important monthly jobs report.
Fuente: ReutersAfrica - 🏆 31. / 53 Leer más »

Gauteng government partners with UberEats to 'unlock e-commerce opportunities for township business''10,000 South Africans will take over Uber deliveries as we provide them with motorbikes, skills and funding,' said Gauteng premier Panyaza Lesufi.
Fuente: TimesLIVE - 🏆 28. / 59 Leer más »

AFP sues Elon Musk's X to get it to pay for news | BusinessAFP news agency launched a copyright case in France on Wednesday against social media giant Twitter, recently rebranded X, part of a global struggle to get tech firms to pay for news. | News24_Business
Fuente: News24 - 🏆 4. / 80 Leer más »