LEGALLY SPEAKING: The most complained-about banks in South Africa

Loading player...
GUEST – Reana Steyn, Ombudsman for Banking Services



The Ombud for Banking Services (OBS) says banking disputes regarding current accounts and internet banking remain high, despite banks making a greater effort to resolve consumer disputes internally.

In the OBS Annual Report 2022, Reana Steyn, Ombudsman for Banking Services, said 2022 significantly differed from the prior two years.

“As Covid-19 gradually loosened its grip on the front-page headlines, on business, and daily life in general, it became clear that the yearned-for returns to ‘normality’ and to ‘business as usual’ were taking new shape and being actively pursued by all,” Steun said.
17 May 2023 5PM English South Africa Business News · Investing

Other recent episodes

What South Africans refuse to cut from their personal budgets

Ahead of Finance Minister Enoch Godongwana’s National Budget Speech on 25 February, new research suggests that while policymakers debate deficits and growth forecasts, South Africans are focused on something far more immediate, what they refuse to cut from their own household budgets. What does this tell us about how households view…
18 Feb 3PM 10 min

Call for Minister Godongwana to increase TFSA limits

More than a decade after their introduction, tax-free investment accounts were designed to encourage South Africans to save, offering a unique opportunity to build long-term wealth without the erosion of tax. Yet, according to Lizl Budhram, Head of Advice at Old Mutual Personal Finance, the current framework is in need…
18 Feb 3PM 15 min

Business Confidence Index (BCI) - January 2026

South Africa’s business confidence remains at levels not seen in more than a decade, according to the latest SACCI Business Confidence Index (BCI). The index sits at 131.4 in January 2026, up 11.4 points year-on-year, reflecting optimism among businesses as the country enters a new fiscal year. Joining Gugulethu to…
18 Feb 3PM 12 min

CPI January: Staples ease, meat prices surge

Paul Makube, Senior Agricultural Economist at FNB explores why some staples remain deflationary while protein sources surge, how seasonal and structural factors influence prices and what strategies the agricultural sector and policymakers can adopt to stabilise the market and support both producers and consumers.
18 Feb 3PM 13 min

CPI dips in January

South Africa’s inflation rate ticked slightly lower in January 2026, offering modest relief for consumers but masking persistent price pressures in essential categories. Data released by Statistics South Africa shows annual consumer price inflation at 3.5% in January, down from 3.6% in December. On a monthly basis, prices increased by…
18 Feb 3PM 12 min