The alleged scammers who fraudulently killed a 27-year-old University of KwaZulu-Natal (UKZN) student to claim a funeral policy from Capitec Bank will not be prosecuted after the National Prosecuting Authority (NPA) withdrew the case and the docket was closed. The victim, Thandeka Majola was officially informed about this decision by the South African police Service… Continue reading Scammers’ who Fraudulently Killed Student to Cash Out Funeral Policy won’t be Prosecuted after NPA Withdrew Case
Tag: Capitec Bank
Report Shows how R37 Million Stolen from KwaDukuza Municipality Bank Account was Shared with 15 People and Companies
A detailed report obtained by African Times has revealed how the R37 million that was stolen from the ABSA bank account of the ANC run KwaDukuza Local Municipality in KwaZulu-Natal early this year was distributed to 15 accounts belonging to companies and individuals, some with political links. One of the beneficiaries is alleged to be… Continue reading Report Shows how R37 Million Stolen from KwaDukuza Municipality Bank Account was Shared with 15 People and Companies
UKZN Student’s Life Ruined After Being Fraudulently Declared Dead To Claim Capitec Bank Funeral Policy
A 27-year-old University of KwaZulu-Natal (UKZN) student from Durban has had her life turned upside down after she was fraudulently declared dead to cash out a funeral policy with Capitec Bank. Thandeka Majola only discovered that she was a walking dead woman on December 27, 2023, when she tried to transfer money to her Capitec… Continue reading UKZN Student’s Life Ruined After Being Fraudulently Declared Dead To Claim Capitec Bank Funeral Policy
Capitec Bank Fined R56 Million For Failing To Comply With FICA Regulations
The Prudential Authority (PA), an entity of the South African Reserve Bank tasked with monitoring banks, has fined Capitec Bank R56 million for failing to comply with some provisions of the Financial Intelligence Centre Act (FICA), mainly enacted to prevent money laundering. The PA accused the bank of failing to comply with certain provisions of… Continue reading Capitec Bank Fined R56 Million For Failing To Comply With FICA Regulations